KrunchieKilleen

EUR/USD: Where is the end of the down-trend?

FX:EURUSD   Euro / U.S. Dollar
321 0 5
Since April             2014 the Euro             has fallen nearly 15% against the US Dollar             and continues to trend strongly down. When it reaches Support Line C, it will have fallen by 21%. The strength of its downward momentum might carry it right through this Support LIne. The reversal, when it comes, is likely to be quite sudden. The last down-trend (though not as steeply sloped as the current one) did not make it to Support Line C, so it is possible, if not very probable, that the present one will stop somewhat short of the target. It would be advisable to have a Trailing Stop in place in anticipation of a sudden reversal. Correction to the notation on the above Chart: swings of up to 2% are to be anticipated within the down-trend, so the Trailing Stop should be around 3% now, but reducing as our target gets nearer.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out