Euroyen: Free fall. Adjusting vertical ascent began in 2000

We have decided to make an analysis of euroyen since this is really concerned with is seeing this crisis.

Weeks ago we noted that the relationship euroyen had ceased to be bullish in the medium term after losing the crucial support of 150. Look at the chart as the loss of this support confirmed a broad pattern in the form of triple roof in the 170.

Many of us have wondered about the possible behavior of euroyen either through the private forum or through various questions in meetings each week to do digital. The answer has always been the same: it is bearish and we must seize rebounds to sell.

Where can you stop the fall?

We are not in favor of seeking soil and the only thing we can say is where the potential turning points where there is a possibility that the fall is exhausted, at least on a temporary basis and are likely to form a rebound.

To reach them we must analyze graphs of medium - long term and it is here where you can see that the falls of recent weeks are correcting the hikes that began in 2000, the date on which the relationship euroyen quoted in the area of 90.

With the scope of the 116.40 figure the price has already adjusted to two thirds of the climb out from 90 to 170. In this environment of 116.40 figures there is a theoretical support as the Dow Theory but will not appear until some figure back so that soil confirm nothing at all. Indeed, losing 116.40 weekly closing the search likely empower the media that appear in the 106 and under the same would be served back to the origin of the process, ie, the figures outlined 90.