Mennzz

Weekly | EURUSD Longterm Short

Short
FX:EURUSD   Euro / U.S. Dollar
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3
Although my previous long-term outlook for EU was strongly bullish , the U.S. economy may seem strong on the outside, but really is weak on the inside. After taking a look at and analyzing an actual EURUSD yearly chart, the odds are that this pair may be seeing a long downturn to around 1.10 or lower. After that, ranging is possible until a retracement or trend change.

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This week closed with a bullish weekly candle which signals EU may be going up like my other chart suggested. Next week will determine the outcome of my two scenarios. Good luck! :D
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