We might be seeing the price pulling back to find more buyers for another strong push to the upside.
If you were following my last post, we were able to accurately predict what will happen to the EURUSD. With that being said, please trade with caution and good luck!
*this is just an idea, please don't place your trades according to it!
EURUSD is making higher highs and higher lows. Meaning we are in an uptrend and the momentum for the day is looking bullish, I also see the MACD indicator giving many false breakouts so be careful from that!
This trend can be nice for scalping or holding for goals on high prices!
Trade with caution and Good Luck!
*please don't use my idea to place your trades,...
With Brexit possibly getting delayed, and the dollar Core PPI m/m, PPI m/m were way lower than predicted. We could be seeing 1.10250 on Euro today!
Trade Cautiously, and Good luck!
Please don't use my idea to place your trades, make your own assessment!
I have been monitoring this pair closely over the past 3 weeks, the pair is very bearish on the long-term and I recommend bulls to be very careful from it. However, I still believe we are going to see a bullish reversal in the coming future, for now I expect the price to drop again to find support level, and keep in mind that EURUSD did triple top without being...
the EURUSD is been struggling over the past 2 years with an obvious strong down trend, I believe that this pair is going to be dropping lower on the long-term. However, in the short-term we should see a decent bullish reversal.
Key notes to keep in mind >
* Europe are facing a slow moving recession. In Addition, watch for the Fed interest rate cutting strategy...
I am making this post to update my last idea and Strengthen it Fundamentally. As we all remember I mentioned that the U.S Economy is stumbling and all of this started on the release ISM Manufacturing PMI which was "negative news", followed by ADP Non-Farm Employment Change also "negative news", followed by Crude Oil Inventories "negative news", and now today ISM...
As we all see the EURUSD dropped to lowest in 2 years, US dollar news are not appealing it is predicted that the US economy will keep declining.
Adding to that, The EURUSD broke trend line. with that being said, this is just an Idea and not an advice for you to use to trade.
Trade Cautiously and Good Luck!
EURUSD is in a very good area to start shorting it, the trend is broken... Bullish momentum is disappearing.. Bearish in control now!
This is not an advice to how you should trade. I am only presenting my Idea, have a wonderful trading day!
As we can see, EURO/USD did another double bottom and I am expecting the price to pump from here!
This is just an idea please don't place your trades according to this idea!
Have a wonderful trading day!