Hi,
looking at the fundamental news there are 4 signs why I think the Eur/Usd will be going down.
1. Although the NFP were so bad for the USD it didn’t go up so strongly, but the unemployment rate did go down 0.1%, this is a mix news overall slightly bad for the USD, but taking the cold wave the last 5 weeks, it may justify the data.
2. The German Court issue is quite bearish for the EUR, and EUR not going far because of the NFP means there is massive resistance on the 1.3630-1.3650 level.
3. I have been reviewing my last count for EURUSD yesterday, where I had the low at 1.3483 as a Fifth wave failure, but after reviewing this count I don't think this is the best count. Therefore the above count is my preferred count. This count shows that wave i ended at the low at 1.3477 and from this low we have seen a a-b-c rally higher as wave ii and we have likely seen the top of wave ii at 1.3619 or will see a top slightly higher at 1.3639 for the next powerful decline in wave iii towards 1.3185.
4. And it doesn’t make sense that the EUR is to strong, it suppose to be at much lower levels soon, this is good for the EU because low EUR rate is good for recovery for the EU economy.
looking at the fundamental news there are 4 signs why I think the Eur/Usd will be going down.
1. Although the NFP were so bad for the USD it didn’t go up so strongly, but the unemployment rate did go down 0.1%, this is a mix news overall slightly bad for the USD, but taking the cold wave the last 5 weeks, it may justify the data.
2. The German Court issue is quite bearish for the EUR, and EUR not going far because of the NFP means there is massive resistance on the 1.3630-1.3650 level.
3. I have been reviewing my last count for EURUSD yesterday, where I had the low at 1.3483 as a Fifth wave failure, but after reviewing this count I don't think this is the best count. Therefore the above count is my preferred count. This count shows that wave i ended at the low at 1.3477 and from this low we have seen a a-b-c rally higher as wave ii and we have likely seen the top of wave ii at 1.3619 or will see a top slightly higher at 1.3639 for the next powerful decline in wave iii towards 1.3185.
4. And it doesn’t make sense that the EUR is to strong, it suppose to be at much lower levels soon, this is good for the EU because low EUR rate is good for recovery for the EU economy.