Trading2ez

EUR/USD could MOVE UP now!

Long
FX:EURUSD   Euro / U.S. Dollar
Hey tradomaniacs,

with the current risk-on-mood in the stockmarket we could see a continuation of the current breakout.

Looking at the structure we can see a breakout of the previous Trendchannel -> Price is currently retesting this area and might pump soon if risk-on continues.
Technically a good chance to catch the move.

In terms of correlations we see that DXY does what I have expected.

Check this post:

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Peace and good trades
Irasor

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Comments

great chart and explanation.
I've also done an update on EURUSD today.
feel free to review, thank you.
+1 Reply
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