Market Outlook on EURUSD

Market Outlook on EURUSD

Currently EURUSD is running in the quite stretched volatility mode keep touching the top most harmonic Volatility line two times already. In first touch, there was strong reaction about 80 pips.

Now it have been touching again the top most harmonic volatility line.

There is also weekly Harmonic BAT Pattern supporting this reaction too. I have just locked the pattern in weekly timeframe and this screenshots is in fact in H1 timeframe. Therefore, it is not easy to see the entire pattern but you can see the final point D at 1.14176 and the Median open price line at 1.12746.

Also the Renko chart, we have Shark patterns at the same place as the Harmonic BAT Pattern.

First tactical place to watch out is to level where two harmonic volatility lines are crosses at 1.13888 (monthly and weekly).

Hope this analysis is helpful for your trading.


Harmonic Pattern Plus- Double Harmonic Volatility Indicator Renko





Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: