EURUSD Secret of trading inside (№2) for FX:EURUSD by Lingrid

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I would like to analyze the EURUSD pair in more detail. To do this, let's go back to 2017. We see that here the price also showed strong growth, then there was a correction and growth again. Ultimately there was a collapse. Now we are moving into 2020 and we see a repetition of the situation. The same rise with correction, after which I expect a sharp drop down to the support level . Thus, we see that everything is repeated and everything is cyclical.

Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩‍💻

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Comments

Next week we will go up to test monthly resistens, 1,18319 .

All evidence leads to a pullback. That's why it's going to go higher. Because forex doesn't make sense. :)

I really hope so as it seems to have went up way beyond what was expected. God willing it should go back down with a bang.

smilesoon15

@smilesoon15 Hope is not a strategy. Always remember this

ipadeolaolawale

@ipadeolaolawale, correct, don't trade by hope

still strong bullish

sirdidix

@sirdidix, time will tell )

Lingrid

@Lingrid, cross finger :)

do some fundamental analysis on long-term periods and technical on day trading or weekly. Most European countries are at the "peak" of summer tourism whilst the US is still on lockdown. Thats why the euro is appreciating and will stay on highs for quiet some time.

What is wrong with you? You SHort the Euro / Usd from 1,14 all weeks new Short, in the momenten now you have luck when Gold falling now E/D will falling too.