SakuraTrader
Short

EUR/USD Mid Term analysis

FX:EURUSD   Euro / U.S. Dollar
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EUR/USD is currently moving in a Mid Term (weekly) sideways formation, and at the moment it is inside the Kumo cloud indicating an undirectional situation. But looking at the past we can see a very huge downward movement (closed in march 2015) that has generated the lowest MACD weekly level in the Long Term space, and the Long Term trendline breacking in Genuary 2016, all of this suggest a Mid Term sideways formation breackdown with possible price targets of 0.98 - 0.95 retesting the trendline and forming a lower low with MACD weekly divergence.

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