EURUSD could result longterm up

FX:EURUSD   Euro / U.S. Dollar
Eurusd trading in channels, We have a triangle formation and if the price breaks above then it could result an uptrend to
1.2550 to 1.3000. We could also have a close look at the RSI where it completed the prior low with bullish divergence . It will be a If then theory, If we have a good close above the triangle then we can surely say its going to upside :)
Target is the old support which became the resistance.
Lets wait and watch what happens. Please share your thoughts.
You are trading against ECB and FED. Good luck, you'll need it :)
+1 Reply
morshedul.sazid Pinkfloyd111.
I always want the impossible to happen :)
+1 Reply
IvanLabrie morshedul.sazid
I think the Fed wants a weaker dollar to reach the inflation target by next year and hike rates then.
+1 Reply
In Future to be honest, I see the USD index going down, However i have not looked at the charts yet, i will have a very close look and share the idea :)
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Tree1 Pinkfloyd111.
That is true but inflation in US and infact across EU inflation targets are currently below aswell as declining growth especially china, so interest rates regardless will be kept low on both EUR and USD currencies for a while anyone that thinks otherwise needs to look at fundamentals do not believe media hype. EU is doing QE so overall a bearish look may be viewed but I never let news dictate trades but instead hint to stricter risk management and continue trading your strategy that works for you. Like if you agree :)
+1 Reply
First of all, To be honest, No offense to anyone, I really do not look at the fundamentals that often. I look at the charts, I try to see what can be next by judging the past movements and predicting the same thing in present and future, as the history has the tendency to repeat itself. The chart is enough for you have a good insight. The charts you see are just people. Each market is made of up energy that is fueled by the market participants. :)
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Good, at least someone with common sense.
We're headed up. Don't listen to the naysayers ;)
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Hello there, Thank you very much for the positive feedback,I have been following this channel for a long time. We still may have a small correction and then and an impulse is needed obviously to full fill the needs. Thanks for the encouragement .
+1 Reply
IvanLabrie morshedul.sazid
We will see very sharp rallies very soon, that's what my analysis tells me. I'm glad that most of the analysts disagree with it, it's encouraging to not be with the masses here.
Good luck and God bless you.
Have a nice weekend.

+1 Reply
Looks like a good setup, again anything could happen. We all have our views :) Thanks for your chart. Amazing setup :)
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