Bullish bias on EURUSD remains as long as price does not close (with bearish candle!) below T-Line (8 daily EMA) on daily chart.
For educational purposes only!
EUR/USD has seen a significant climb over the past few weeks after it broke to the upside from a descending weekly trend channel. Price has now been testing the monthly sloping resistance zone created from the highs back in May 2008, November 2009, June 2011, April 2014 and February 2018. Over the last two weeks, a tweezer top formation has been created on the...
I know it is hard to understand this if you do not study the "The New Science. Technical Analysis" (1994) of T. DeMark and "Methods of Wall Street Master "(1991) of V. Sperandeo on trends and trendlines . But price is projected to drop to 2000 lows with retest of the last minor demand line which we are about to break (with its consequent retest that is likely to...
The situation on the Eurodollar market has not changed significantly, despite the recent volatility. All the time stuck in extended trading sideways around the level of 1.12, which is around 61.8% fibo increases the level of 0.8231 - 1.6038. However, there is thing I would especially like to draw attention. Looking at the graph interval of one month, we note that...
