SamuelHuntington

EURUSD is still likely to go up, but maybe not soon.

Long
SamuelHuntington Updated   
FX:EURUSD   Euro / U.S. Dollar
Righn now we can see a pennant pattern on EURUSD chart. It good suits for my previous idea. This continuing consolidation of the market is just a slow wave B. Look forward for some news both from the Eurozone and the United Startes. This week we wait for US-China trade talks this Thursday and Friday and measures to be taken after these talks.
Comment:
As far as we heard Mr.Trump's ready to rise tarrifs it's quite likely the same measure may be undertaken by Chinese side. As a result we may see a weakening of US Dollar.
Comment:
The way up has begun! If you haven't bought yet do it after pullback.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.