EURUSD bird eye view
Hi people,
It's been a while since I was here last. I like the look of the place and plan to stick around for a bit.
Right..A fairly rudementary analysis to start with.
We have a EURUSD monthly chart here going back all the way to the beginning!
Given that the fundamentals are stacked heavily against EUR, I am expectting some weakness to materialize in this pair for EUR. The chart serves as a map.
The pattern holds up nicely along the top declining resistance line and the pair has taken out the bottom short term support. I would expect this to go down till 1.2800 at least where there is a reasonable support for short term at least,
Next, we try to see if we can fine tune this trade idea using shorter periodicity charts.
It's been a while since I was here last. I like the look of the place and plan to stick around for a bit.
Right..A fairly rudementary analysis to start with.
We have a EURUSD monthly chart here going back all the way to the beginning!
Given that the fundamentals are stacked heavily against EUR, I am expectting some weakness to materialize in this pair for EUR. The chart serves as a map.
The pattern holds up nicely along the top declining resistance line and the pair has taken out the bottom short term support. I would expect this to go down till 1.2800 at least where there is a reasonable support for short term at least,
Next, we try to see if we can fine tune this trade idea using shorter periodicity charts.
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