[CRT] Early-Week Projection for EURUSD – Week of November 24

After the sharp collapse of the US dollar and the consequent strength shown by European assets —mainly the euro and the British pound— the chart begins to offer us a reading that points to possible bullish continuations. If we look at the structure in monthly timeframe, it is clear that the movement is not yet…

The weekly candle has closed above the previous one both in EURUSD and DXY, which is not the case for GBPUSD EURUSD still has a bearish target pending that GBPUSD and DXY have already completed Weekly direction for the start of the intraday week:EURUSD – Tried to attack the last high on Friday morning NY…

We start the first week of December after a Friday that was calm for some, but very intense for others due to the CME data center outage. Added to the usual sideways price movement during the Thanksgiving holiday in the U.S., we begin the week with a doubtful direction in our main asset and its…

To put things into perspective, last week we started the month of December, which would activate a bullish range thanks to the close of the November candle within the range of the September candle, after having previously liquidated it. From the CRT perspective, the first 20–25% of a candle’s movement usually develops in the opposite…