FX:EURUSD   Euro / U.S. Dollar
have held a longer term bullish view on EUR since August after major July low. Now as you can see from the chart there is distinct look of potential Head & Should pattern being developed (as well similar patter in other EUR Pairs), MACD is in positive territory and about to hook up. In the shorter term we could expect some weakness from 1.35-136 area before going higher. Many find it difficult to stay on longer term trend,due to larger position size they hold feeling they want to or need to make more more money with larger size trading in and out. But in reality I feel even if relatively small position was held and managed on longer term trend, they could end up with similar profit to match what they actually achieve otherwise. Anyway, this potential trend if it play out will shock many as they fail to understand why Bankrupt EUROZONE should find should have EUR flying so high. I would well come your feed back or questions if they can add to helpful discussion.


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