IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
I THINK EURO TO US DOLLAR TUMBLED OVER THE PAST WEEK FROM TOP OF 1.2350 WAS EXPECTED FOR MANY THINGS, FIRST WE HAVE MENTIONED PREVIOUSLY ON 11/12/2020 THAT THE EURO FORMED CRAB SELL PATTERN WOULD COMPLETE AT 1.2265-1.2295 RANGE
https://stockcharts-home.blogspot.com/2020/12/eur-vs-usd_11.html
PAIRED WITH THE COMPLETION OF INTERMEDIATE WAVE (2) OR (B) AT THE SAME LEVEL
NOTICE, THE DECISIVE BREAKOUT BELOW THE SHORT TERM UPTREND SUGGESTING THE TOP IS IN PLACE, ALSO ON MACD INDICATOR MOMENTUM FAILED TO FOLLOW THROUGH THE PRICE NEW HIGH, THIS IS A BEARISH DIVERGENCE IT WAS A WARNING THAT THE RALLY WAS WEAKINING BEFORE IT TURNS, AND THE TREND NEARST AN END, THEN PRICE DURING ITS DECLINING BREAK BELOW THE KEY LEVEL 1.2209 WHICH CONFIRMED THE CORE UPTREND CHANGED FROM BULLISH TO BEARISH
BE AWARE, ACCORDING TO MY PRESPCTIVE THE DECLINE WILL BE AGGRESSIVE, WETHER IT‘S THE THIRD WAVE (3) OR (C) WAVE, AS THE TWO HAVE THE SAME PRICE BEHAVIOR
