Trader_Happy777

Trader_Happy777 Updated 

The original signal was placed on January 1, 2021. For those of you who took the trade, you are now up 276 pips. There are still strong indications that the downward trend will continue to at least 1.1, which is where I am setting my take-profit. The monthly chart speaks for itself, but the identified patterns are very consistent. For at least the short term,...

Trader_Happy777

Look for a short-term push to safely 1.1818. Remember that the long-term trend is decidedly in a downward cycle. Though the Dollar may weaken after all the government spending filters through the economy, buying the uptrend could be risky in the short-term. Look for weakness off the uptrend to find a good position for downward movement.

Trader_Happy777

Key resistance hit. Look for selling to continue. Setting my target at 1.0970 if confirmation candle forms and closes. FOREXCOM:EURUSD