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This review is short-term EURUSD cycle analysis.
USD trade cycle takes from 18 to 28 days and 23 days an average, so it has a 10-day reversal windows.
The previous low (top on euro) was on October 15. The pair is in reversal window since November 10 and it's going to show next top until November 28.
It's possible that top (low on dollar) was on November 17, but I don't thik so, because euro's sentiment is too bearish last too weeks. We have about 98% of bears on November 9, so in my opinion the pair should rise up higher.
As conclusion Euro is bullish on short- and mid-term.
USD trade cycle takes from 18 to 28 days and 23 days an average, so it has a 10-day reversal windows.
The previous low (top on euro) was on October 15. The pair is in reversal window since November 10 and it's going to show next top until November 28.
It's possible that top (low on dollar) was on November 17, but I don't thik so, because euro's sentiment is too bearish last too weeks. We have about 98% of bears on November 9, so in my opinion the pair should rise up higher.
As conclusion Euro is bullish on short- and mid-term.
