KrunchieKilleen

EUR/USD Scope for moderation of up-slope

Short
FX:EURUSD   Euro / U.S. Dollar
5
Line B is parallel to previous up-slope A. The present upslope is much steeper. While the 30-month Moving Average suggests that there is a long way to go before the up-slope needs to be corrected by a significant down-swing, the scope for down-swings is significant. A downswing could be triggered by a political event, such as Greek default.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.