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Chart Of The Day: EUR/USDGood Day :) hope everybody is having a great trading week so far (That's if you've been following my analysis) wink* Technical Analysis: EUR/USD Bias: Bullish - On the 1Hour timeframe price action has broken the descending trendline (Dotted Line). Which occurs after a downtrend and indicates a possibility of a high probability trend reversal to the upside. Price action is currently sitting on the support zone. We will wait for a candlestick formation in our favour to enter the trade. Please don't forget to leave your thoughts and comments and if you benefited in any way from this post please like & share. Trade safe & have a great trading week :)
Long
by Yunus_V
2
One way street for the EUROThe European region is headed one way and its not up! we are in the midst of a precipitous long term decline of the EURO to test the 103 level prior to heading a lot further down. Would not be surprised to see EURO short term rally a bit further suck in the longs and the decline will commence. I do not see much upside left for the EURO, there is nothing positive emerging out of the eurozone for the foreseeable short medium and long term future which only mean one thing we will be selling euro against the greenback and almost any other pair. I don't see any other region in the world that will be worse of. We are on the cusp of some very big declines in the euro value...get ready!
EShort
by MarcusBlac
SPF 120 Index (France) - critical juncture - keep tuned to shortThe French index as its European counterparts is tracing a cycle wave c down. Currently it is finishing primary wave 2 up wave and the next move will drive the index to new lows. It seems to be tracing minor wave 3 of a five moves up that will complete intermediate wave C and start primary 3 down. For this it should cross the high of intermediate wave A, and complete the 5 waves. After this the more riskier short entry would be at the low of minor B or for a more conservative entry at the low of primary wave 1. FOLLOW SKYLINEPRO TO GET UPDATES.
EURONEXT:PX4Short
by SkylinePro