The financials have been driving me crazy lately. Especially the EURUSD. This is my take on the longer term structure
Here is the 18 month M-shapes (as David calls them). I’m not satisfied with this interpretation. Open to any and all suggestions.
Yer, both EURUSD and GBPUSD are messy atm. Drill down to the 80 day level for now, thats what I do anyway.
I do not think model has changed a lot. Dollar should recover in 2021 (into October). Questions is by how much.
Also 89.07 must hold or test of 87.52 will follow and model will get invalidated. Unfortunately not enough data to build reliable monthly model.