Hello,
this is my first idea I post. The Euro/Dollar is Bullish since october. Currently we are in a neckline with potential bearish form. Eventho the higher timeframes still show us a Bullish form the lower timeframe is testing a big support for a week it can't break through
I think if the Euro/Dollar can break through we have to wait for confirmation of retesting the support zone (that has become resistance) and we can open a sell order:
If the Euro/Dollar stays sideways and can break the resistance, then we can open a buy order until 1.07800:
In long therm euro/dollar is bullish but in shorter times a lot of things can happen. Keep checking the charts and trade wisely
this is my first idea I post. The Euro/Dollar is Bullish since october. Currently we are in a neckline with potential bearish form. Eventho the higher timeframes still show us a Bullish form the lower timeframe is testing a big support for a week it can't break through
I think if the Euro/Dollar can break through we have to wait for confirmation of retesting the support zone (that has become resistance) and we can open a sell order:
If the Euro/Dollar stays sideways and can break the resistance, then we can open a buy order until 1.07800:
In long therm euro/dollar is bullish but in shorter times a lot of things can happen. Keep checking the charts and trade wisely