Euro Dollar forecasts Eur Usd technical analysis today By Francesco Massetti Posted on 21 September 2018 Condividi su Facebook Condividi su Twitter Condiviso su Google+ Condiviso su Pinterest Condiviso su Linkedin Condiviso su Tumblr Euro Dollar forecasts Eur Usd technical analysis today euro dollar quarterly march 2018 Euro Dollar forecast Eur Usd technical analysis today Euro Dollar forecast Eur Usd technical analysis today using W.D.Gann’s time cycles. Euro Dollar forecast Eur Usd technical analysis today: monthly euro dollar monthly march 2018 The 1 X 2 descending angular resistance with origins in May 2014 has braked the propulsive force of Euro, generated in the time cycle of the last November 2017. In February 2018, March 2018 and a good part of the last April the European currency has lateralized the prices dynamic oscillating in a range between 1.2550 and 1.2150, running out the kinetic energy developed between November 2017 and January 2018 in time dimension rather than price dimension. We have indicated in the last article how the violation of 1.1880 would have indicated a inversion of course that is a new downward phase. However, due to the period of sideways that led the single currency to have 2 months of inside (February and March), the bearish break at 1.2120 of the monthly Set Up of April has indicated in advance the birth of a new corrective motion. In May, concomitant with the historical Minimum Squares relevant, the Euro confirmed the corrective trend of April which reversed also the quarterly trend, as we will see later. First supports for this correction are at 1.18; 1.1720; 1.1620. Next important monthly Set Up: June 2018 We will observe the Euro trend in the summer period. Because of these new time cycles concomitant with the 1 X 1 equilibrium point at 1.17, the single currency could reverse the directionality. The return above 1.2115 will indicate a new medium term positivity in Euro market. Euro Dollar forecast Eur Usd technical analysis today: quarterly euro dollar quarterly march 2018 The downward dynamics resistances has rejected the attempt of upward acceleration in the first quarter of 2018. In the second quarter the swing chart has turned negatively bringing back the quotations on the 2 X 1 corner in area 1.18. Further supports for negative retracement are at 1.14. The return above the 1.2585 level will restore a new uptrend in the medium-long term. First resistances: 1.26; 1.2740. The Euro/Dollar study was realized thanks to Top Trader©-Stock Exchange free software thought to correctly apply W.D.Gann’s technique.
