POSITIONAL : EXPECTING AN UPSWING IN EURUSD

6.11.2019

CURRENTLY EURUSD IS ON 1 MONTH SUPPORT. IF WE SEE 3 AND 4 MONTHS THEN THERE ARE GREEN CANDLE IN NEUTRAL. BUT IN LOWER TIME FRAME THE PICTURE IS A BIT DIFFERENT. 1 WEEK, 2 WEEK ARE IN CON NEG ALONG WITH THAT 1,2,3 DAYS ARE ALSO CONF NEG. SO EURUSD IS EXPECTED TO GO TO 1 MONTH SUPPORT AGAIN TO FORM A W PATTERN. BUT BEFORE THAT IT MIGHT BREAK THE CONF NEG PATTERNS AND THEN TAKE SUPPORT FROM THEIR SUPPORTS AND THEN BOUNCE ATLEAST UPTO 2 MONTHS,3 MONTHS OR PREV HIGH.

1 MONTH IS THE LAST TIME FRAME GIVING THE SUPPORT. THE NEXT SUPPORT IS PRESENT AT 6 MONTHS LEVEL WHICH IS FAR BELOW. LETS SEE. IF 1 MONTH FORMS THE PATTERN AS PER THE PREDICTION THEN IT IS EXPECTED TO BOUNCE .

TARGET 1 : 1.23849
TARGET 2 : 1.30000

CORE STRENGTH : 3 DAYS
CURRENT PRICE : 1.10819
PROBABILITY : 80%
EXPECTED TIME OF OCCURRENCE : 9 MONTHS - 1 YEAR