AdrianRaymondFX

Long-term technical view of EUR/USD

FX_IDC:EURUSD   EURO / US 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.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out