2waytrading
Short

WEEKLY SUGGEST MIXED SIGNALS BUT SUSTAINED DOWNWARD MOMENTUM

FX:EURUSD   Euro Fx/U.S. Dollar
312 0 2
Hard to tell how long a trend will take to reverse, but folks with number skills with good understanding of macroeconomic readings along with awareness geopolitics and what is going and its interpretations can indeed make a decent profit if not climbing the top 1%. If u see this chart, there are a few examples where u can have a profitable trades especially, the rally that ended 2009 was followed by a brutal decline which fell about 6000pips from March 09 low. Let us see what happened when it bounced from June low of 2010 but fell short to reclaimed 2009 high by 1.4% or about 2000 pips it was a signal that the price recovery will not sustain. Now, 2011 drama forced another brutal and sustained downward free fall but this time a similar price pattern developed..this did not print a new lower low rather the bleeding stop right 1.4% short from June/July low which was another indication that upside is imminent if numbers make any sense at all.
June 2012 another rally begun which printed a new higher low but only let 2013 to continue the trend after weak start in 2012 forget about to see 2009/2010/2011 highs.. so 2013/2014 still fighting to prove upside momentum if it all can be believed..we as group don't and expect 2014 be a weak year again which only may suggest a possible revisit of 2013 lows.
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