Euro/USD Update: Z wave Initiated
SUMMARY
The Euro/USD has been patterning out the Bull flag pattern since 2008 and has not since been able to generate an all time new high. However, the WXYXZ sequence is likely at its terminal end with the final Z wave sequence in progress.
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This would suggest an imminent crisis ahead for the Euro - Italy is the elephant in the room and its looming debt crisis will spell trouble for much of Europe including Brexit UK who will be dragged into the mire by her banks’ significant exposure. As always the USD will be perceived as a safe haven at least for now until its own debt crisis comes home to roost - interesting times ahead..
Thanks @haejin, for the good information
thanks you very much @haejin excellent
Very informative post dude !
i agree with your point of view.. it shouldn't be about buying and selling rather it should be an informative educational and entertaining zone, most individuals fail to realize this
Cool...