Hello Community !
Since yesterday, the EURO broke the supports and went on a downtrend.
I strongly recommend to sell EURO today and WATCH the blue levels as they strongly represent zones where the trend can be REVERSED.
GOOD LUCK !
We notice that the EURO on its monthly chart is bullish and is trying to break the historical resistances.
The Bulls are determined as we can see a big green monthly candle approaching the intersection of the resistances.
There is a high probability for the EURO to break the resistances, probably come back to make a pullback on it and go higher to reach the...
THERE ARE TWO POSSIBLE SCENARIOS:
1. CL will breakout the resistance and skyrocket to touch the target
2. CL will breakdown the support of the pitchfork and touch the target below
TRADE ONLY AFTER BREAKING ONE OF THE TREND LINES.