EUR/USD, GBP/USD Analysis & Setups 9-10 June '19

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[ehsanaz]

You neglect fundamentals analysis chance of rate cut is 50% on June which is not going to happen imo, on the other hand i cant see any catalyst in euro to move this pair up, any economic news from eurozone can cause nice drop. I still believe US is strongest currency. Draghi didn’t mention any positive point he just try to speak not too negative. But thanks for your technical analysis.

[presleyakokewhu]

Just drawing trendline ain't enough.. consider your trend counts for weekly levels for eur/usd at 1.1323, 1.1322, 1.1332 and now 1.1347. I called it a completion and i structurally consider my pivot structure from the monthly and quarterly to see what the activities re doing. It's already at their R2 levels which still signal over brought and our trend line signal.. for me the trend line is signally the level of change to the downside which I am see at 1.1141

[presleyakokewhu]

Following my previous annalysis.. the signs for 17th thru 22 is a high bearishness to 1060.. this is because a completion for phase 2 semi-annual low bottom circle is completed. After it sees 1.1060 we should be seeing prices take to 1. 1649 levels and back to 1.1000 levels for proper completion.