Monday, October 26, 2015

EURUSD: Bullish until late 2017? A long term Road-map

The big picture (monthly) chart of EURUSD is as follows:It is in a long-term downtrend.RSI has recently bounced of oversold territory.Probably we are at the end of wave 3 (or early stages of wave 4).Wave 4 should take us towards around 1.24 until late 2017.Then a last leg down and a bottom around:
A)0.8 on summer 2019(blue scenario)
B)0.95 early 2019 (black scenario)