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Jopendus
Oct 10, 2016 7:57 AM

dollar up/euro down scenario Short

EURO / U.S. DOLLARICE

Description

Yea, I think the dollar is gonna go up, so that means I should explore what that means for the euro. There is a monthly order block shown by the box, and generally it looks like the .80 area has the support in the event that this decades long trend breaks. That is a pretty big deal I'd say. The Euro has had a pretty defined trend for decades and that could break here. The RSI is kinda interesting in that it may be doing a hidden bull div up to touch that trendline before dropping. If I remember right oil had a similar RSI thing.

Comment

Euro stop raids on the daily
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