robocta

Long, Neutral and Short Zone identification for EURUSD

FX:EURUSD   Euro Fx/U.S. Dollar
36 0 1
EURUSD             is in major down-trend and in the long term aiming pairing 1.0. Reasons to believe that is slowing down of economy and Europe need for currency devaluation in order to boost economy.

Now in the short term the pair EURUSD             is I believe ending a correction.
In the chart I depict zones to avoid which I believe are roughly between 1.1330 and 1.08.
So I am avoiding and neutral within this range and delegating trading to my quantic automated strategy.

And only considering Long or Short if trading above or below the range respectively.
Trade active: EURUSD developped upwards as expected above the descending diagonal @ 1.1330.

I believe the pair may continue higher from 1.1350 a second time before retraces back and resumes main trend.
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