Hello Birdies,
First lets talk about chart:
So in long run we are seeing EUR @ 0.85-0.88 as per chart the time will be around May-Aug 2024
First lets talk about chart:
- We have two black lines on chart there history will be posted in comment as screenshot
- The red line + black line + circle is providing strong resistance and price already fallback inside the circle
- There is a lot of liquidity in terms of imbalances
So in long run we are seeing EUR @ 0.85-0.88 as per chart the time will be around May-Aug 2024
Comment:
The black and red line is coming from ATL of the pair and now price converted and confirmed it as a resistance
Comment:
The other black line is what EUR trying to convert it into support since 2008. Once converted we will see a boom in EURUSD after that. The time span this spread over is from May to Nov 2024
