EURUSD analysisEuro/US DollarFX:EURUSDthe_golden_dragonGreetings and respect to all analysts and traders. You see the monthly and weekly analysis, simple but powerful analysis. We start with the monthly chart. First of all, I would like to draw your attention to the correction in the 0.618 area of the major wave, which is accompanied by the end of the 5th Elliott wave in the major wave correction and the LS Kink in the RTM, which has caused the bearish channel to break. I think we can all agree on a strong uptrend at this point. Regarding the broken trendline, I also need to point out that although our trend has been broken, our bottom has not been broken yet, so we rely on the trend technique that has been identified and of course the new bottom, which is our 0.616. I hope you have enjoyed this simple but powerful analysis so far. Well! Let's move on to the weekly analysis. As you can see, after the correction in the monthly 0.618 area, an ascending trendline and channel have formed on the weekly time frame and our first ascending wave has corrected again in the 0.618 area, which has resulted in the breaking of the ceiling of our first wave. Next, as the price reaches the channel ceiling, we will settle for an extremely powerful area to end the second wave correction. The area marked is equal to 0.618 of the second wave, the convergence of demand with the trend line and the inner in RTM. So, currently, in the weekly timeframe, we expect the price to fall to the area specified for buy, and you also see a possible bearish position that you can take advantage of by examining it yourself. Be sure to pay attention to the time zones, which I analyzed with Fibonacci and shared briefly with you, my dears. A note about my working style: I do my analysis and trading with the origin of Fibonacci and other styles such as RTM, Elliott, Neo wave and of course price action. I hope you are profitable. Golden Dragon