Long-term technical view of EUR/USD

FX_IDC:EURUSD   Euro / U.S. Dollar
709 0 14
Here's a chart that I find really interesting. I only now realized that the failure below $1.17 three weeks ago shows up at a pullback on a historical trend line that the euro             break back in January. I would like to wait for the FOMC statement this week and see if this chart can help continue justifying a long-term bearish bias on EURUSD             . Right now, I see an upside risk ahead of the FOMC statement given that speculative shorts in futures markets have been rising in recent days. I wouldn't be surprised to see traders cut some of these positions if the Fed does raise rates.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out