EURUSD new Yearly Highs. The yesterday Daily breakdown through the Lows, was a Bear Trap. Now we can see a climb to new Yearly Highs. First Target is the area by 1.1250 and next Target is 1.1350 In my view it`s possible that fresh Sellers comes by 1.1250, this Sellers are important, for new fresh Highs. Good Luck Michael
IMPORTANT NOTE: You should read my "Link to Related Ideas" to see the changes I've made. I've wrongly graphed the 4-hour chart regarding this Forex pair -- I adjusted it to the actual one -- and now I am seeing the final of the Euro rally relief -- comeback is real? On several Euro pairs such as EURUSD, EURAUD, and EURJPY, fakey pin bars have formed suggesting ...
Seems like a Inv.HnS in the Index. DXY seems like retesting a descending triangle formation with limited upside and big divergence in the RSI. Both premises together make me deduct a probable strenghtening of the EURO. Also, French elections + Eurostocks sentiment are good. We can ride this uptrend while it lasts.
Good RR. EURUSD up to 1.18xx with Option to 1.20xx - 09/2016 to 03/2017. Watch out: italian Banks could be the next threat for financial markets and finally for the global economy. #Baddebt #high #volatility / Just FYI. For all other inquiries, don't hesitate to leave a message. I wish you best success.