EUR/USD:
Monthly timeframe:
Long term, EUR/USD’s primary trend has faced a southerly trajectory since topping in mid-July 2008, at 1.6038. Activity on the monthly chart remains languishing south of a resistance area at 1.2048/1.1653 and a trendline resistance (1.6038).
Downside risk remains on this timeframe until reaching a support area marked at...
