resurrector007

MULTI YEAR VIEW OF EURUSD

FX:EURUSD   Euro / U.S. Dollar
2
The charts seem to show that there wont be any really major re-tracement in EUR until 1.22 levels because of a multiyear wedge formation. In the interim tho, we could have a potential re-tracement because of a multi year support/resistance line that could push the EUR up to 1.29 levels before resuming it way down to the target of 1.22 where there is a high probability of a lot of support and a rebound.

Looking forward to some contradictions.
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.