This chart is a monthly chart.
This shows the trend well. EURUSD breaks the bear trend since August.
The next possible key level is 1,25.
If the price stays above 1,20, look for the long setup.
The main trend is dollar weakening on fundamental still and I don't see trend reversal.
In my opinion, if you can try to short above 1,20, you have to think for a short time.
And never forget:)
- the trend is your friend, because prices move in trends
- the history repeats itself, so don't predict but try to find levels where some event happened before
- prices include everything, so don't need tawdry indicators
This shows the trend well. EURUSD breaks the bear trend since August.
The next possible key level is 1,25.
If the price stays above 1,20, look for the long setup.
The main trend is dollar weakening on fundamental still and I don't see trend reversal.
In my opinion, if you can try to short above 1,20, you have to think for a short time.
And never forget:)
- the trend is your friend, because prices move in trends
- the history repeats itself, so don't predict but try to find levels where some event happened before
- prices include everything, so don't need tawdry indicators