Our analysis is based on multi-timeframe top-down analysis & fundamental analysis
Based on our view the price will rise to the monthly level
DISCLAIMER: This analysis can change anytime without notice and it's only to assist traders to make independent investment decisions. Please this is a PREDICTION and I have no reason to act on it and neither should you
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I want this pair to go up but if you look to the left there is too much space. Price could reject this area and continue down. Could have been a false break
dkb14246
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@EMkioko just look at dxy. Dollar is weak and this makes euro strong
EMkioko
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Yes. You are right But the dollar is traded across the globe. not in the states alone. EURUSD just hit a zone. I think its safe to wait and read the tape. Wait for solid signals
EMkioko
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@dkb14246 And then again, price moves in waves. It just doesnt go up/down in a straight line. That's why am saying, we can expect a sharp drop now that price hit a major zone.