EURUSD is approaching a good fibo cluster where we do have both 61,8 from the last down leg and 38,2 from the all time high on EUR. At that same level we do have a possible descending TL that need a third touch confirmation. Will the EUR give a damn about those technicals with this great momentum going on? Well it is worth looking at it and see if we get any signal of weakness here.
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Well thank you Mr Trump!
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So guys since this was a monthly idea it takes time for things to happen, but now after some time it is time to update this chart ;)
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Nothing has changed here, still a sell the rallies....
Nothing has changed here, still a sell the rallies....
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Hello guys as mentioned in earlier update, sell rallies was the idea and it worked out well. Now on Monthly view EURUSD is at important support where it should get some trouble on the way down. Then looking left we see the major swing low at 1,1554 is the most important support here and if broken there is much room down again.
Hello guys as mentioned in earlier update, sell rallies was the idea and it worked out well. Now on Monthly view EURUSD is at important support where it should get some trouble on the way down. Then looking left we see the major swing low at 1,1554 is the most important support here and if broken there is much room down again.
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Nothing has changed guys, we keep selling rallies till price reach that trouble area at 1,15540. At that support it could be time for some profit taking.
Nothing has changed guys, we keep selling rallies till price reach that trouble area at 1,15540. At that support it could be time for some profit taking.
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So what changed here? nothing.... do not fight the trend and sentiment of the market.
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Yet another bearish month, and this time we have a break and close below previous month which opens the way for more downside.
Yet another bearish month, and this time we have a break and close below previous month which opens the way for more downside.