EURUSD - In bullish corrective phase

FX_IDC:EURUSD   Euro / U.S. Dollar
42 0 3
FX:EURUSD             From a weekly perspective, the bears appear to be in control on the EURUSD             , but a resting corrective period in the low 1.0479 area would be the ideal preparation for an up-move towards 1.15068 area, near the highs of last May.

A near term pullback would be very healthy for this pair. The skeptics may declare a bearish "double-top", but my view is that such a pull back - if supported by the 200 day Moving Average would be the necessary prelude for the launch of a conclusive move above this year's highs.

Related Ideas

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out