DislikedI don't know yet how to interpret and sure it is not a crystal ball for daytrading... but coming back to the daily chart I just saw that the 161.8 extension (drawing the fibo from this year's low until today) is exactly (!) this year's high. It was just at the beginning of the year in January. For Fibo-Lovers only... {image} Edit: better to see the year's low as 0 and the year's high as 100, then we are exactly at the 61.8 {image}Ignored
Also the extension from 1.1703 on daily chart is over extended without any correction and it's expected the momentum will decrease very soon. Average Monthly Range is reached and also fundamentals are signaling strength of dollar in upcoming days.
This 3weeks in a row rally may continue next weeks but technically it needs a significant correction. I don't see very very bullish fundamentals on EU to expect this extended rally continue without any rest!
So I'm bearish for next week and bullish for next month.
Let's see...
Trade to enjoy... Money is after!
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