Look for confirmation to enter, I also advise you to facilitate this trade in a lower time frame for a better entry. Please execute with your own due diligence. The financial markets are risky, I am not responsible for any capital loss.
Thanks, Trade Wisely
Comment
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Place stop loss in profit or breakeven for those who entered early.
hi. i dont agree with your analisis. becuse if break oue the line, sell position is good, not buy. so wait for this movement is necessary.
moradadel
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Why buy this area does not support the strength of the euro strong dollar and the rise is correct downward trend
moradadel
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EURUSD Sell Strong Strength Drops on Daily Frame There are no signs to buy
deivisxlxl
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Poland Zloty currency history is interesting it was 1Eur-10 Zloty ,Poland trying to be similar as China economy
ozdmrs
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hi beauty, I expect a horizontal trend from support.
im_sng
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that was one heck off a drop didnt expected that
petaj
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Please let us know what due diligence make you think eur is a long?
authors
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@petaj, My due diligence is illustrated above in my analysis. The analysis allows me to determine my bias.
petaj
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@igpromotings,
Sorry. All i see is some supportlines, trendlines and fiblines. That is fine but is not due dilligence. For due diligence you have to look further than that. For example:
1. Look at the daily weighted average chart of eur and usd. Eur is creating a bearflag an usd is a big bearflag.
2. Look at the yieldchart of germany for example. No signs of bullishness to find there.
3. Look at the dax chart. Just made a new higher high and still in an uptrend.
4. What about the dovish speaking of the ecb and the hawkish speaking of the usd.
The whole picture is 1 big bear. That does not mean that it cannot return in an uptrend now but there are no signs for that at the moment.
authors
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@petaj, That's your definition of due dilligence my friend. Mine is entirely different from yours. Your way is no more right than mine is to yours, simple persepective of the market. Simply ignore my ideas if they do not oblige to your way of thinking. Thank you.