EURUSD – looking at the chart bellow, and in my own station, I have to admit that time wise – Rule of Thumb – there is a chance for the pair to break Up and change two months old trend ( Daily chart)
I am pretty sure that the solution will present itself after today’s data.
But what I also see is the fact that on the Monthly chart, the pattern suggests that we are in the early stages of a New Downtrend creation, that if comes through will open the road for as low as 0.75 area…Lots , I know…
Of course this is not helping in our daily trades, but just wanted to shine some light on the issue.
What I know for sure ( from the experience ) is that we can break above that downtrend line, even spend some time above 1.08 , but if that happens , 1.09450 will come up as a next level for unloading the EUR….and then we’ll all see clear downtrend forming .
