Minuteman

EURUSD basic analysis

Long
FX:EURUSD   Euro / U.S. Dollar
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1
The Euro Dollar pair still looks bullish to me despite the recent weakness. Mainly because the source of this weakness was ECB head Mario Draghi talking about the high value of the Euro last week. This week the recent Shooting Star on the daily chart certainly did prove true the day thereafter. It now comes down to monitoring the trend lines for signs of support. However, should the Euro fall beneath 1.31 on a daily close, to me this would mean that the bull rally has stopped.

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