EURUSD is in a very interesting long term position. We are in a pullback to the broken neckline for the triple bottom formation completed Jul 2017. Interestingly, a hammer candle formed last month. Seems like a good possibility we are heading back to the cluster of falling trend lines as a first target. This Bullish resumption scenario is valid so long as 1.1350 support is holding over weekly closing basis.
I agree with your bullish view on EURUSD. Our trading signal idea is also of the same bias. We have found a bullish breakout of its descending resistance line which is also seen on its RSI, thus contributing to our bullish bias.
moviestar
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i dont understand... so whats the current outlook?
mohsenhajian
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welll done man
Ansari
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Thanks Technician
your charts is simple & perfect
papaspike
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Every time it goes near that trend line, it drops at least 2500 pips.