Hey guys, will start posting again, generally my two cents on EUR/USD it is not really looking good now, looks like we are going to go down and generally looking at the way everything is going S&P500 is also going down so, maybe a short trade here or just move your money away from EUR for now, but let's see.
we need some economic miracle to turn around EURO
Risk- The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Nothing really changed from last week. Euro tried to close above 1M Trendline and got rejected for the 2nd time:
This fact signals that Uptrend is getting weaker and weaker, so we should pay great attention to local Support/Resistance Zones:
It is recommended to open SHORT/LONG positions ONLY from the local zones.
Also, make sure that you've checked my...
THIS IS A SET UP WE WATCHED ALL LAST WEEK IT LOOKS LIKE WE HAVE REJECTION AT THE PRICE AREA THAT WE LOOKED AT FROM OVER SEVEN DAYS AGO.
This is a setup we've watched all of last week. The confluences of the 61.8% fib and the fourth touch of the ascending trendline.
