Hi friends,
For a long time I am talking about the EUR and that I think it’s all bluff. I you remember my words, I said I see 1.35-1.37 as the end of the up move, and after the correction, maximum 1.40-1.42…
Well, 1.40 was never taken… 1.37 turned to be a good strong top.
So, what’s next?
I see a bearish convergence on the EURUSD now while it also broke through the daily stiff trend line. As I teach in my book, Sell the rally Buy the valley, which you can find here (
Click Here),after bearish convergence we can expect for correction and after correction we should look to sell.
So that’s how I see it goes from here, most likely:
EURUSD (Click to enlarge):
So far, I was right about the top. Time will tell if it will drop back to 1.27-1.29 range, which is my target.
I wish you happy forex trading.
Yours,
Vladimir Ribakov
www.vladimirforexsignals.com/
