EURUSD - one of the most important line for this currency pair.

FX:EURUSD   Euro / U.S. Dollar
156 2 1
This is one of the most important line for this currency pair. Who knows why? Not because of previous lows. There is a reason why price has stopped at this level before.
It stoped there because of this LITTLE KNOWN FACT: $EURUSD's first trade back in January 1999 took place at 1.1747, within 5 pips of yesterday's low!
it stopped because has reached 50% of all time heights and lows (from 1953 till now). There are three most important lines when it comes to investing. All time highs, all time lows and average based on this two points. At this moment we are exactly at the mean. It doesn't mean that it will move up and act as a support line, but as an investor (not a trader) as long the price moves up above this line you should short sell and if price moves below you start buying because it means that the currency starts to be cheaper. So if the price is below the line its considered to be cheap and if is above that means its expensive.
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