capitalpropertiesfx

EURUSD - a bit bigger picture

FX:EURUSD   Euro Fx/U.S. Dollar
262 0 2
From the fundamental point of view, Euro             is not looking that good but from the technical side, things are actually quite interesting. I'm not saying that this is the bottom - fairly pointless to predict such things but I'm definitely very cautious when going short on lowerTF's because this current area, where the price is trading, may turn out to be a strong support after all. Generally, I don't like that the black trendlines line up so perfectly with the price because it is simply too obvious but I do like the blue lines. I'm keeping a very close eye on the upper blue line and if we should break above it, then I'm only looking to buy until (ideally) price takes the recent high @ 1.3996 area. Time will tell.
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