pete002

EURUSD at trendline support

FX_IDC:EURUSD   Euro / U.S. Dollar
223 3 5
Interesting times for the EURUSD             .
Here we are at trendline support

The monthly chart shows us 9 consecutive months of bearish price action - will April             be 10 mths ? - we are under trendline as of today.

Month is not over yet so there is a possibility for the April             candle to close above the drawn trendline .

We also see a 0.7071 (sqrt of 0.5) bounce at trendline - will current price action repeat history ?

I will wait for the completion of the April             candle with interest.
Amazing analysis!
Reply
May 01, 2015 update

Completion of April monthly candle shows reversal off trendline (and .7071 "level") hitting 61.8 retrace level @ 1.12032.
Price finished the month @ 1.12125 and by my read its a monthly bullish engulfing candle based on candle body.
Reply
pete002 pete002
Looking for further bullish action in EUR this month.
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out