Euro-dollar near-term ceiling hit! Will the upside attempt occur after the New Year?

The euro dollar, which bottomed in 2015 and had continued a low-altitude flight for two years

this year its accumulated power exploded and swept up to the nearby resistance

all at once.

However, this move also seems to pause for a moment, and the next euro-buying

timing appears to be in a corrective phase.



The indicator introduced is
Ask_Ultimate_MAX by “Kawaseligui”.



From the previous “Market Compass” euro-related articles

★The euro/dollar is preparing for a major reversal with full force

★Euro-dollar bullish trend forecast! Ask Ultimate MAX/AltiMeter

★Can the U.S. dollar reverse? Euro-dollar overbought signal lit! Pay attention to monthly close of both the dollar/yen!



As the near-term low has been broken this time, further downward adjustment is forecast,

but with the Ask series indicators you can quickly confirm the bottom and the top

so you can trade without getting flustered even in major market moves



The market is finally down to one month left until Thanksgiving in November, and at this point

if the euro market settles, the U.S. dollar market will become a concern.

If the euro/dollar enters a correction, demand for the U.S. dollar will rise, making a dollar-yen rise easier.

If President Trump’s November visit to Japan yields comments that approve a stronger dollar against the yen

then there is a movement that could quickly surpass this year’s high, but…


“Market Compass” Dollar-Yen related articles

★Dollar-Yen: soon reversal and resumption of rise?

★Following the Nikkei stock average reaching a 20-year high, can one seize the timing to rise next?
Attention on President Trump’s first visit to Japan!

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