If price break above we can expect finally a move up. Not what I would like to see but potentially possible after all.
Comment:
On the downside. Also not what I would like to see.
Comment:
Why I do not want to see this? Because every single move here can be stopped out and just reverse. The risk / reward on the downside can be very poor except if price drops really to the lowest point. On the upside it's also not very interesting except if the price continue to move up above the green box but seeing this before the employment news of tomorrow would surprise me.
Comment:
The euro suffers and the price movement is clear here. We may see the price move in this zone. If we see a break above the dotted red line and the price can hold above it this will bring hope to see the eurusd go up. Considering all the problems (Brexit, German recession, maybe a new crisis in Italy, USA vs China, ....) It will need a lot of change to see something more positive in the euro. The European news during the coming weeks and months will therefore equally determine how the euro will evolve against the Dollar. But on the other hand, the future of the economy in the United States is not so good either. Indeed, Trump's fierce strategy is the cause of a strong Dollar but it brings a strong unstable global economy that will eventually hurt the Dollar in the medium to long term. It will happen but we cannot say when. This can also cause a spontaneous weakening in the near future as the investors also take this into account. But the question is how long will it take before the reversal will happen?
Comment:
Comment:
So it was option 2 to the downside :=)
Trade closed: target reached
