While many traders have waited for a more serious correction in the euro from its huge rally off of its 2016 12-year low, the Quant Cycle oscillator is indicating a significant bottom may have formed.
The Quant Cycles (formerly Cycle Projection Oscillator) has performed well predicting turning points in markets over a long-term period. Currently, there is a synchronicity among numerous time frames that suggest a significant bottom has formed.
Here is what the Quant Cycle looks like in three different timeframes:
240-hour
Daily
Weekly