EURUSD update - 25 October 2024
You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.
EURUSD - 40 day cycle trough forming?
In Monday's macro outlook we noted: "Price is starting to stabilise in the anticipated 40 day cycle trough zone in sync with the US Dollar's purported 40 day cycle peak formation..."