Nothing too technical just observations and overview now since it's close to its average price.
First thing I noticed is the trend changed in favor of the Euro and it should continue higher after this short-term correction. The support for this trend is about 1.276.
Short closer to 1.34 and use the trend change line as resistance.
I will reasses once it crosses my change line.
Let me know what you think.
HAPPY TRADING!
Comments
octradr
⋅
Been steadily increasing since 11/11. Not an attractive price for a quick gain but long-term is still bullish.
octradr
⋅
Still looks good on the short side. Set stop at 1.35. 11/14
octradr
⋅
Got stopped out. Should have said if it closes above 1.35. Still not bullish yet. 11/15