Major Math In Euro Points To Bottom

Geometric technical analysis of global financial markets • May 9, 2020 at 6:08 PM EDT

Friday's price action in the EUR/USD supports the possibility of higher prices for the pair in the near future with a beautiful series of moves on the EUR/USD hourly chart.

Easy math for the new amazing low of the Euro

Here are a beautiful series of moves on the EUR/USD hourly chart that correspond to the exponential series of 5 (5, 25, 125...).

Notice that important price points in the preceding downtrend correspond perfectly with the timing points of the Fibonacci ratios of .382 and its double .764, measured inside the movement of 5 to the third power (125 periods (hours)). (Why not? 5 is the only integer that can derive the perfect ratio never to be touched by any fraction.)

In addition, the low of this low close at 3 pm EST (Friday May 8) of 1.08328 is sitting right on the cumulative average of all closing prices since the major low (at point .764).

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