EURUSD --- LONG TERM -- Bullish trend might be starting
According to Joaquin Monfort ,
The pair has broken above a major trendline drawn from the January highs and this has confirmed the bull-trend. A break above the August highs at 1.1734 would add further impetus to the uptrend and probably see an extension to the next target at 1.1790 and the level of the R1 monthly pivot.
This might be the early stages of a bullish trend but we need to break above 1.1750 and head to 1.1790 which confirms a strong Bullish trend .
But recall that US Dollar has something to say about it.
So Weak US Dollar == Stronger EURUSD .
WARNING: So long as USD is strong then EURUSD will keep falling
The pair has broken above a major trendline drawn from the January highs and this has confirmed the bull-trend. A break above the August highs at 1.1734 would add further impetus to the uptrend and probably see an extension to the next target at 1.1790 and the level of the R1 monthly pivot.
This might be the early stages of a bullish trend but we need to break above 1.1750 and head to 1.1790 which confirms a strong Bullish trend .
But recall that US Dollar has something to say about it.
So Weak US Dollar == Stronger EURUSD .
WARNING: So long as USD is strong then EURUSD will keep falling