2waytrading

Is YTD Bottom Near?

FX:EURUSD   Euro / U.S. Dollar
202 2 3
EUR printed YTD low last week, and heading to retest Nov last year's low. Now it looks history for Nov high which was printed on 29th of that month, but not yet touch its low which seems very likely. Price touched several times 25% FEXN downward projection, and eventually proved to be a good entry for short position. As you see the notes on Anchor spots, I see a bounce very likely now that will not sustain to believe this downward momentum to continue. All long trades in this year specially from Jan is now under water. Good long position of a few weeks seems coming specially if price bounces off from 1.33872 area with target price 1.35000 to 1.36449 and reverse short selling from there. Good Luck! If you are good with numbers, you can understand this note. If you like it follow us with more to come.
Good Analysis !
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Nice one!
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