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Jefe
May 25, 2018 1:33 PM

EUR/USD Reversal (Bullish Channel) Long

Euro Fx/U.S. DollarFXCM

Description

EUR/USD still trading in a strong bullish channel on the monthly chart. World events point to a higher Euro, which is also in the interest of most stake holders. Whatever the case may be, we're done here. Either it approaches the resistance and breaks it now, or it falls back down to break it next time. These are the likely scenarios. The most unlikely scenario is it not being able to break the resistance and falling out of the bullish channel.
Comments
isarnil
Interested to hear what world events point towards higher eur... IMO eu-zone is in big slump and rates will be kept at 0% for a long time
Davybolero
No trade with confidence.I trade also with turbo's.
Davybolero
I hold my short to 1.10.
Jefe
@Davybolero, I hope you're not using high leverage.
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