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Interesting self similarity at The EURUSD macro-trend technical analysis

By JohnLast 4520 days ago
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От 02 ноември 2011

We can observe an interesting self similarity on the EURUSD visible at the very high time frames.

It is really interesting to observe big peaks followed by little  but very sharp peaks. 

What the future is going to be? Whatever they can say about the Euro it is not that low. Definitely it can go lower at least historically there is enough space to go 1.30 or 1.20. 

On the other hand the long frame technical analyisis showes to us that we are right into a very important decision zone. Yeah right now we are at a decision level and what is going to happen now is going to affect the pair for the future.