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DHuts
Jan 7, 2019 11:55 PM

Euro Dollar Longterm Technical Look 

Euro Fx/U.S. DollarFXCM

Description

Chart says it all. Long term look. If the 1.15 support turned resistance holds as resistance we could see a fall to the bottom of the blue channel. If we break back into the area above the 1.15 then we could potentially see a new bullish cycle

Comment

A pump above the 1.1500 level and a retest to prove it as support... gearing up for a great new bull run

Comment

A failed break out above the 1.15 could be a very bearish development. Will watch this closely next week to determine the best move.

Comment

The failure at the neckline of the massive head and shoulder has been uncanny. Likely headed to the bottom of the blue channel

Comment

This chart still proving to be valuable as we retest historic levels
Comments
DHuts
Forgot to comment when we got there on the 19th but a successful full swing! We tapped the blue line perfectly
DHuts
We’ve broken above the upper bound of the blue channel. Looking for a retest and then a set up for a long position to start the bull run
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