Pisces_Investments

Euro is knocking on the door-Bullish Bias Forecast

Long
OANDA:EURUSD   Euro / U.S. Dollar
Price previously touched a major level with a rejection but has returned with that appears to be bullish muscle. Wouldn’t be surprised if price breaks this level and climbs further. I believe the Euro is starting to stabilize some of its inflation whoas of the past. Too early to tell how long this reversal will last but in the mean time price looks very strong to me. Supportive cloud is also gaining strength indicating strong grounds of support. I will be watching this level..

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.