EUR / USD: Beware of short positions

Complete and unquestionable Drilling minimum of 2008 to reinforce the idea that ...

... We are in a bearish primary trend. In the short term, however, doubts grow.

Short-term situation:

It is time to think about the new lows falling away the possibility of a rebound. Confirm the bearish situation of the euro against the greenback in mainstream, certainly, but complete the Elliott wave count we have been driving and we have already written somewhere that might be lacking a final subonda. The black candle on Friday, which returns to the euro / dollar to leave overbooking quantitative differences for the first time in weeks, could be the end of a stroke in May after the lateral triangular microwave as befits the subondas 4. After 4 of 5, 5 of 5. And that can lead to sustainable soil short-term but not to be given back through.

Trend Situation:

Rebound margin, a fact which clearly appears likely with a fall in 5 subondas involved, the prices seem to have in mind a move to 1.16 confirming a high standard monthly bass style that was left in the mid ' 90. Therefore, any rebound after a certain size may be, must return the fall of the euro / dollar.