EUR-USD / lONG TERM REVERSAL

It is very likely that we will have an LT rollover on the 1.248-1.2540 level today or tomorrow.
We should enter a downward wave on the EUR and up on the USD. Many indicators militate for this scenario (contrary to what I thought yesterday).
The waves 1 and 2 of bearish reversal on the euro are often weak and contradictory. They take time and mislead us. We should witness today a final upward push before a devastating decline tomorrow or next week. I would not be surprised if we are below 1.20 on the eurusd in the next two weeks.

Kommentera:

The forecast I made on April 19 is close to the current scenario. I do not see a big bullish correction on the euro. On the other hand, the increase of the volatility militates for a return of the eurusd towards 1.0000 by the end of the year. See below.
Economic fundamentals go in this direction too.