DislikedMy views is completely different from others. I target long on E/U because in Weekly timeframe, the pair is still uptrend. I attach a snapshot for you to see it. So I put long on every bloody fall.Ignored
I don't know if we will see lows of 2008, but the E/U will head down now step for step for some more days, maybe it will retrace to 50% Fib before it reaches its' 3800 correction target just to fall again back to 3800.
If you look at W1 we are in a possible wave 4 of longer term E/U uptrend. So in some months it may jump off 3800 to climb to its new 5 top.
But I guess we may have already seen the retrace last week so we are set to directly jump off 3800 to a new 5 in multiple waves maybe at around 5300 or at least in a "panic mode" to around 6000 which will create a giant double top. Maybe the US will show us soon why!? Maybe its debt limit fails because of loosing the democratic majority?? I really don't know! The drawdown after 5 may come of a final bankrupt of one or more EU countries.