The EUR Downtrend is over
Today I want to explain how I came to this conclusion
If we check the detailed FX Trend analysis of EURUSD you might think I'm totally wrong
Especially the high time frames show us healthy and strong downtrends
while only the lower ones recently turned upwards about an hour or two ago.
The picture get's clearer if we consider FX Power and the history lines.
Thanks to our VIP group member Alin I started to think outside the box
and use several
different FX Power instances inside one sub-window.
So I added a 3-day and 1-week analysis to my regular 1-day strength analysis and this offers complete new insights.
So one can clearly see that the EUR strength line of all three instances left the weak zone and crossed the neutral point at 4.5 upwards.
What this means becomes more clear if we have a look at the big chart picture.
We'll see how this continues but for me it's absolutely clear that shorting the EUR is over for the moment.
It's more likely that we'll see a sideways movement or even some recovery on the EUR pairs during the next days.
UPDATE - 2 days later
Update 8 days later - I've read the comments below but I prefer to analyze the market myself
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