Keeping it simple on this long here - targeting 1.12 or higher - I am expecting some dollar weakness short term here and EURO going higher - lots of news this week going to rock the markets.
I like the bullish divergence between 3 and 5 - along with the ascending trend line that started when the euro bottomed in Oct 2019 - I see no reason why I should not risk capital on this long trade.
I like the bullish divergence between 3 and 5 - along with the ascending trend line that started when the euro bottomed in Oct 2019 - I see no reason why I should not risk capital on this long trade.
Note
This will be playing out for several daysNote
Neckline forming Note
Ok that Doji the support may hold here if we have a clean break - I will look for a well planned revenge trade I am bearish US DOLLAR right now - just technical.
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.