|
EUR/USD off its fresh high ripe to fall more
US indices have had the biggest rally in a month following Friday's low. Dow Jones was required to rise more than 1% in order to regain lost trendline support. The fact is that Friday was fractal for Wall Street, Monday is fractal for EUR/USD. Both the model days sparked sharp reversals of local trends. EUR/USD lost 100 pips from its high 1.1075. We have seen an example how FMA highlights the thrill of going against the market contrary to common wisdom. And there's more evidence that a lot of human behavior is predetermined in certain hidden structures on the surface of which we obtain prices and volume.
|