π EUR/USD: Major Bearish Cycle - 0.7000 Incoming!
π Market Overview
Timeframe: Multi-Timeframe Analysis
Market: Euro / US Dollar
Bias: BEARISH π΄
π Wave Structure
EUR/USD is completing Wave 2 near 1.1500 resistance. A massive Wave (2) decline to
0.7200-0.7500 is expected - this could be a multi-year bear market!
Bearish Factors:
- π Breaking from broadening channel top
- π― Wave (2) target: 0.7200-0.7500
- β οΈ Multiple timeframes align bearish
- π» Potential 40% decline from current levels
π― Short Setup
Entry: 1.1400-1.1500 (current resistance)
Stop: Above 1.1700
Target 1: 1.0500
Target 2: 0.7200-0.7500
β‘ Multi-Year Bear Market
This isn't a short-term trade - it's a structural shift. USD strength vs. EUR weakness could
dominate for years. Position accordingly!
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