Sforex

EURUSD: 4 month sideway. Do you think this will end ?

FX:EURUSD   Euro Fx/U.S. Dollar
330 2 5
After hitting 1.0460 low, EURUSD             sideway for 4 months.

I think this should end.

EURUSD             must choose a trend.

Which trend do you stand ?. Bullish or Bearish .

Choose your own, and positioning it.
MaryJane
a year ago
thx for sharing..here is my view:
Enough Rebound?
snapshot

At the moment i see on the one hand the chance for a double bottom with basis 1,08. The target of this formation is 1,1425. -Above 1,1425 there is enough place to make a new high at 1,18. (orange counting)

On the other hand there is the strong momentum and dynamic of the longterm downtrend - we are trading at its trendchanels upper edge. This can perhaps be interpreated as a new anticyclical selling signal as long as we trade below this level.
-Below the last valid orange "3" at 1,08 a drop to 1,04 can be exspected
-below the last valid red "2" a longterm selloff can be exspected with target @ 0,92
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luce878
a year ago
Thank you for sharing... IMO, I see that the chart shows a lot of pressure on the upside, green candles are almost double the size of the bullish ones, and the price it's attempting to cross a very thin ichimoku cloud, so there is almost no pressure against it. We'll see if the price passes the 1.14040 level, because I definitely see a strong resistance there
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