JohnLaw
Short

STUMBLING THE EUR/USD LEGS - long term, by the month

FX:EURUSD   Euro / U.S. Dollar
Let's look at the really big picture again on the EUR/USD- the MONTHLY chart (log scale).

Note: this is of course NOT suitable for trading. Beware.

Usage:
- protecting your savings (by going into USD)
- determining the overall trend (which pressure prevails, when going down to lower time frames?)
- as well as determining important support & resistance levels we might otherwise forget about.

Concluding: continued downside pressure is what you'd be looking for,, the current frenzy in EURUSD             is NOT changing that at all.

When trading the shorter swings, positions to the downside should be taken around 1.12 / 1.19 (if it ever gets that far). I am convinced the latter level won't be breached after this Fed day, setting us up for the next long term leg down towards parity. By then.... a positive RSI divergence might be giving a screaming buy - but we're far from that.

FYI: over the months I have been pulling my EUR assets into USD assets. Long term, I mean - not even relating to trading. Would be great to see 0.80 some day in 2019 :o)

This is not going to end well in the long run for EUR...
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