Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.2115). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURUSD is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (126.05). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. ....
Hi friends the daily graph of this market shows that it will experience a bearish trend in the coming days with the vigilance of the market change towards the opposite direction
Given the technicals on this chart, it seems like going long EURO is the safest bet. The USD had good run, however with the global markets hinging on depressionary territory, a collapse in the USD would help exports thus helping it maintain Global Reserve Currency status. I've laid out the LONG term target, with this, directional scalping becomes easier, or more...