December statistically the weakest month for the US Dollar, a statistic since 2000 against the EUR/USD.
Relative to statistics, December is the month in which EUR/USD gains the most.
The average EUR/USD increase for the month is over 1.58%.
This year there is a really good chance that the rule could be confirmed.
December statistically the weakest month for...
hey guys,
I know that many of you are expecting a coming bearish movement on a daily on EURUSD.
analyzing a weekly time frame though, I want to warn you that the pair has still much space for a bullish continuation.
on a weekly, the price is clearly trading in a global bearish trend.
spring's covid bullish rally made the market set a higher low and triggered...
hey guys,
analyzing the price action on EURUSD we may notice that:
1.14 is our current structure high
once it was reached, the price dropped to 1.123 structure support and failed to retest the high, setting a lower high.
then one more retest of horizontal support. equal lows and a new bullish movement brought a lower high again.
for now, bulls are clearly...
EURUSD is stuck within a wide indecision range since 1st of April.
if you want to know where the pair will go next, the only way to clarify it is to wait for a daily breakout.
daily candle close will show the future direction of the pair.
for now we are stuck within:
1.1 is your resistance
1.078 is your support!
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1 HOUR
Sideways consolidating market conditions right now.
4 HOUR
Small bullish pullback to the upside after a bearish rally.
DAILY
Bullish waving market forming several HH / HL Structures.
OVERALL
Expecting market...
This is no news to anyone who follows the stock market but this is just to put it in perspective how bad the EU is doing.
The euro is lagging, getting close to parity with the dollar and the stock market in Europe has gone nowhere for decades.
If you took all your money out of the Eurostoxx in '07 and put it in the S&P you would have had 3,5 times as much if you...
Looking at the m15 chart only can lead you to have the correct idea but in the wrong place.
By looking at high time frame charts you get a better picture of when a trend is in place, when a trend is no longer working or when there is no trend and we're in a range.
On the attached charts a daily time frame (top left) has a defined up trend and at 1.6700 the trend...
