EURUSD Long Term Technical Analysis (monthly)
The price has reached the bottom of the long-term trends it has created since 1985, with the downtrend it has created since 2018.
When we look at a monthly basis, we can see that the indicators are trying to move from the fall to the rise.
In this sense, with the breaking of the downtrend, we can see a new rising channel that will work for a minimum of 4 years.
Or, long-term trends no longer matter, and prices will still follow the downtrend between 1.15 and 0.95 for a while.
Time will show which trend will win ...
Good luck on both sides, May the best win...
Only personal opinions and ideas. Does not Include Legal Investment advice...
When we look at a monthly basis, we can see that the indicators are trying to move from the fall to the rise.
In this sense, with the breaking of the downtrend, we can see a new rising channel that will work for a minimum of 4 years.
Or, long-term trends no longer matter, and prices will still follow the downtrend between 1.15 and 0.95 for a while.
Time will show which trend will win ...
Good luck on both sides, May the best win...
Only personal opinions and ideas. Does not Include Legal Investment advice...
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.