EURUSD has been struggling for quite some time (along with most USD pairs) but it's looking like it's finally making a jail break. This is the weekly TF so, this will take quite some time to play out but there is also a double bottom on the daily and the very beginnings of some negative fundamentals starting to appear for the US economy. I'll be trading this using the TP levels noted on the chart. The RR is good enough to check out anyway and, if I'm wrong, it won't take long to find out.
Thanks for checking this out, I'm new so please let me know where I'm right and where I'm wrong, and whatever you do, don't trade based on my advice.
ok buddy...we are in a major sell zone right now so i doubt if this pair push any higher...we will sell this pair next week...we broke the weekly trend on monday...today we pushed into a major sell zone...i suggest you draw up sell and buy zones on your charts...its the best way to know when the market is gonna turn around...look t my draw up on EU...not saying i"m right just want your opinion...you asked..now i"m asking...good luck
Aeleister
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@nigel317, Thank you very much, I appreciate the input. Do you have a preferred place to learn the buy and sell zones and/or methods that you mentioned?
SETITAND4GETIT
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@Aeleister, go to your weekly chart and zoom out
look at the big picture...take two horizontal lines....when you zoom out of the weekly you will see the separation in the top and the bottom of the chart....the separation in price...place your lines in between them and look real good...you have to zoom out to see it