Or maybe parody? Talking about the EUR/USD, natch.
Parrot Tea
It’s going lower. The conventional measured move implication on the weekly chart is $0.80-0.90. The pattern spanned 5 years, so don’t expect this overnight. But the first half of next year would be a reasonable guess.
On a monthly bar chart, the measured move implication also appears to be around 0.80.
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