93.75% Probability That EURUSD Will Close Downside in July2017

6 July 2017, 07:45
Muhammad Elbermawi
1
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93.75% Probability That EURUSD Will Close Downside in July2017




I think EURUSD is getting ready to move in a low volatility ranging area then to change its direction to the downside because:

  • USD is 1.25% interest rate while EUR is Zero.
  • Negative Divergence between momentum oscillators and EURUSD.
  • April Gap around 1.08 must be closed someday
  • EURUSD has 4 consecutive rising months in a raw from March until June 2017 which increase the probability that July will close down side.
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