Piet.Hein

35+ Years Channel Still Intact

Piet.Hein Updated   
FX_IDC:EURUSD   Euro / U.S. Dollar
35+ years channel still intact. The lower channel did hold, amazing. But price still stuck in weekly range, now it should challenge last highs around 1.15. Notice that there is the highest monthly close in a year. Is a new bull cycle starting right under our noses?
Comment:
The most nice thing about this channel is the proof of how technical analysis can and do work for long term studies.
Comment:
Daily range analysis:

Comment:
Breaking range boundary!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.