greater_fool_

EURUSD long term trend reversal

Long
FX:EURUSD   Euro / U.S. Dollar
As you can guess basing on the time frame I am not really into day trading. I have some stocks priced in USD while I am spending in EUR so I am interested in hedging against weakening USD. What I can see is that: 20 years old support is still in place while 12 years old resistance got broken and also kind of retested. I do not know what is going to happen in a week or a month but since I intend to keep my US stock for a while I would not be particularly happy if EURUSD got to 1.39 or more.
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