FX4Newbies
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Good analysis. I think the eur/usd will revert downwards again throughout the summer. All depends on what the Fed does, if they are going to weaken the dollar again.
Hello traders,
Price did find support at red SH before launching to blue resistance level. Can it go higher again or will it fall from here? Confirm your entries.
Take care,
FX4Newbies
Hello Traders,
Posting a follow-up chart to the last one posted above, this time with a closer view. Price began to fall and ran into a zone of support. Closer view also shows an ML present in that area.
Will see how market performs: whether it can push lower, given the fact that it is still officially in an uptrend.
Take care and enjoy the weekend. Thanks again for stopping by.
FX4Newbies
P.S. I will be posting a wrap-up of the 10 pairs that I watch this weekend on the blog.