EURUSD 1 Week Chart for rest of April {my opinion}!!!
Buy looking at EURUSD weekly chart, you can connect trend lines down (blue) which gives you a narrow sideways channel for last 8 years around.. This gives you a global perceptive on this pair, instead of a microscopical 1 minute chart one. What do you notice on this chart? - Price action has went above both EMA 10 & 50. - Price action has been in an uptrend for this 2016, so far. - Bulls or buy traders still control this pair & in my opinion for rest of April. - RSI trend line triangle is still intact with increasing price action, which should break out of top of RSI triangle soon. - Yes, to me A -B-C or correction waves for last several years appears to be done. *For safety & money management, I will be looking for trades with trend or upwards for next few weeks, with this pair.
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