eurodollaro forecast

euro dollaro yearly 2018

Euro Dollar 2018 forecasts Forex long term technical analysis

Euro Dollar 2018 forecasts Forex long term technical analysis using W.D.Gann’s cycles

Euro Dollar 2018 forecasts Forex long term technical analysis: annual time frame

The time cycles expired in 2017 and 2018 were fundamental in determining the change of the long term trend.

After the first bull-campaign of 2000-2008, the European currency has run a new corrective trend: starting from a maximum at 1.6036, the Euro has reached the 1 X 4 ascending angular support coinciding with the Zero corner at 1.0339 level, indicated in red by Top Trader© graphic software.

Euro Dollar 2018 forecasts

The achievement of 1.1650 last year and the ascending infraction of 1.2125 have determined the conditions for a new long term positive phase.

Euro Dollar 2018 forecasts Forex technical analysis: uptrend, next dynamic resistances at 1.30; static resistances at 1.3460.

Euro Dollar 2018 forecasts Forex long term technical analysis: quarterly

Since the third quarter of 2017, the Euro has came out from the accumulation area indicating a new long term upward phase.

The trend is in force because it is following an upward trend on the 2 X 1 corner, however important downward angular resistances are nearby that will attempt to curb the propulsive dynamics.

Next mobile resistances at 1.2564; 1.12830; 1.30. The period January-March 2018 coincides with the first quarterly Set Up of 2018

The retracement will be supported by dynamic supports at 1.2250; 1.20.

The Euro/Dollar Forex report has been realized thanks to Top Trader©-Stock Exchange free software thought to correctly apply the W.D.Gann’s technique.