A flip for EURUSD

Although a long side never materialized in EURUSD on Wednesday, and the down side movement was by far the most volatility in the past few days, it’s still interesting to examine what models come close to matching. And in the case of seasonals, there’s sometimes¬†a tendency to see price move in the mirror opposite of the model:

20160519 EURUSD Flipped Seasonal

Again, the long term trend has been up, so other factors would be needed to make the call on the reversal, but if you’re expecting it, and struggling to find the match in the seasonal, sometimes flipping it will dial in the trade.

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