Two really important dates to watch in December for a EURUSD top are
13.December
16 December
as the 16th is a Sunday it could then fall on the 17th, my expectations is we shoot up to these dates, maybe the 13th is the top followed by a retest or the 13th looks like the high and the 16-17 sees a hard rally up just to kill any shorts that might have got in on the 13th
Price Levels on the 16th are
1.37
1.42
1.49
1.54
If this inverts then prices to watch are
1.25
1.14
1.08
as we are going up it is hard to imagine this will be a low but the markets will catch you unless you are prepared, as my Hurst analysis points to a 40 day cycle top I am going to go for more upside into December. As I posted earlier I think the 3rd-4th of December will be a low, and this will be a rally to get onto at least until the 13-16th, then I will look to surf it down again.
All the best to you all
Mike Haran
P.S having looked at the charts again it looks more likely that the 13th is the high.
13.December
16 December
as the 16th is a Sunday it could then fall on the 17th, my expectations is we shoot up to these dates, maybe the 13th is the top followed by a retest or the 13th looks like the high and the 16-17 sees a hard rally up just to kill any shorts that might have got in on the 13th
Price Levels on the 16th are
1.37
1.42
1.49
1.54
If this inverts then prices to watch are
1.25
1.14
1.08
as we are going up it is hard to imagine this will be a low but the markets will catch you unless you are prepared, as my Hurst analysis points to a 40 day cycle top I am going to go for more upside into December. As I posted earlier I think the 3rd-4th of December will be a low, and this will be a rally to get onto at least until the 13-16th, then I will look to surf it down again.
All the best to you all
Mike Haran
P.S having looked at the charts again it looks more likely that the 13th is the high.