chike00

Trend pattern with EUR/CNY, sign to buy pair?

Long
FX_IDC:EURCNY   EURO / CHINESE YUAN
I think the EUR will continue depreciating and appreciating against the CNY as shown by the general trends it seems to be following. There's consistent, although there's not 100% contact with the support and resistance lines. Maybe like 90%?

So hopefully it continues along this trend!

Critique away please :) .
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.