This is my first time posting a forex chart.
I have been doing a lot of reading lately, and getting into international politics. The current trading war with China is NOT going to go well. Everything in USA is being inflated, which in my opinion will reflect positively with the euro.
If we look at fractals, we can see that the first Euro bull run happened after a small drop from 1.30$, with an RSI signaling a hidden bullish divergence, then the price popped to around 1.60$.
We are experiencing the same again. This time, the fundamentals are supporting.
Bare in mind that we are still in a small downtrend channel, and in a larger uptrend channel on the weekly. It will be interesting to see.
The euro is a good buy in my opinion now.
I have been doing a lot of reading lately, and getting into international politics. The current trading war with China is NOT going to go well. Everything in USA is being inflated, which in my opinion will reflect positively with the euro.
If we look at fractals, we can see that the first Euro bull run happened after a small drop from 1.30$, with an RSI signaling a hidden bullish divergence, then the price popped to around 1.60$.
We are experiencing the same again. This time, the fundamentals are supporting.
Bare in mind that we are still in a small downtrend channel, and in a larger uptrend channel on the weekly. It will be interesting to see.
The euro is a good buy in my opinion now.
Comment:
Confirmation will be above 1.20 USD
Comment:
GO EURO GO BABY
Comment:
A retest of 1.08 usd? Or a USD fakeout?
To be determined, I still think stocks are weak
To be determined, I still think stocks are weak
Order cancelled:
I'm cancelling this trade, because I think I made an error in judgement. I figured the US would crumble alone, it appears it's dragging Europe with it.
France, one of the EU giants, is going nuts (I live in France so I know), and Italy might be leaving Europe.
France, one of the EU giants, is going nuts (I live in France so I know), and Italy might be leaving Europe.