EURO vs USD : Bullish structure

[BORAMOR]

The current downside move is considered a correction within a bullish trend.

 

[tomorton]

This is a terrible pair to trade off the daily charts and people say often its also bad intra-day. It seems to range rather than trend and when it gets into any kind of move that's in danger of becoming a trend, it reverses every 5 bars.

On top of which its the ECB who run the Euro. Or so they say...

 

[maxinger]

This is a terrible pair to trade off the daily charts and people say often its also bad intra-day. It seems to range rather than trend and when it gets into any kind of move that's in danger of becoming a trend, it reverses every 5 bars.

On top of which its the ECB who run the Euro. Or so they say...

right mister.


OP is too focused on labeling 12345, wxyz, drawing parallel lines and arrows, and fibo here and there.
He is stretching the Y-axis far far too much.
And this is one of the main problems with lots of forex traders.
For the past few weeks, EUR hardly moved.

ADFC - Germany bike?
why is he promoting German bikes in the ET forum ?

 

[BORAMOR]

A broader perspective which is useful for medium to long term swing traders and also for hedgers.Weekly EW outlook.