OANDA:EURUSD   Euro / U.S. Dollar
Welcome back traders. I hope your thanksgiving was a memorial one. Now we are looking at EU for long. this timeframe is the monthly. We see a double bottom around 1.02 area. Next we see price retested the 1.16000 monthly support trend line . It bounced off it with heavy liquidation, now price is heading to 1.20000 zone. on the daily time frame we see a W pattern formed. Once price hits 1.20 we might see a pullback to 1.18700 to retest that neck zone. i placed 3 long term targets where i believe EU will head in the upcoming years. Remember this is a long term swing, my targets wont hit next week lol. That is all traders, drop a like if you agree to my idea, also follow me to stay up to date on any future ideas.

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.