Euro / DollaroLong
Buy on breakout
Hedge funds may be gearing up for more upside.
The EURO became the most used currency in the world in the past few months. This is a result of a falling US Dollar.
Technical analysis shows a trendline acting as resistance. Should the breakout be successful, I'll be buying the EURO for the medium-term.
Price has also rejected a downward trend line stretching from 2008. This marks the beginning of the next bull market.
The EURO became the most used currency in the world in the past few months. This is a result of a falling US Dollar.
Technical analysis shows a trendline acting as resistance. Should the breakout be successful, I'll be buying the EURO for the medium-term.
Price has also rejected a downward trend line stretching from 2008. This marks the beginning of the next bull market.
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