It seems the uptrend in the Euro will keep going here, it was coiling for some time but now ready to trend higher. I highlight a potential buy zone to enter on slight retracement, price should trend up for the duration of the cyan boxes on chart as long as not hitting the invalidation zone below 1.17698. Best of luck!
Cheers,
Ivan Labrie.
Comment
⋅
Long term view:
1.35+ in the cards within the next two years.
Comment
⋅
I'm thinking we get a cool down here for a while...long term trend signal is still active, but if viable you could either reduce size and add back on retrace, or sell call options against long positions for a month.
Comment
⋅
Two things can happen with the #Euro here, it can either top when the daily and weekly charts hit their respective targets, ahead of the weekly time expiration, or it might skip this area and go twice as high in the coming weeks...