Hi Guys, I just wanted to start a thread on EUR/USD to discuss the short term and long term view of the above mentioned pair.
I personally think that the market is little confused right now and it doesn't have a clear direction yet. Of course Long term the pair will go down, however I think that the short term uptrend is still in play taking the uptrend trend line into consideration. I will wait to see if the price will bounce back of that trend line and will go long if I will see a reversal sign there at 1.09216 otherwise if the trend line will break then i will go short. My TP would be set on 1.0960 area....
Let me know your thoughts what you guys are getting up to on that pair.
I personally think that the market is little confused right now and it doesn't have a clear direction yet. Of course Long term the pair will go down, however I think that the short term uptrend is still in play taking the uptrend trend line into consideration. I will wait to see if the price will bounce back of that trend line and will go long if I will see a reversal sign there at 1.09216 otherwise if the trend line will break then i will go short. My TP would be set on 1.0960 area....
Let me know your thoughts what you guys are getting up to on that pair.
