This was a hard chart, I couldn't quite put my finger on it. I had to check multiple timeframes and several indicators, it was all mixed, plus, I had the geopolitical landscape in mind which made it even harder. All is clear after looking at the monthly timeframe. The weekly and daily MACD were also of help. MA200 revealed the trend. The RSI as well.
Here is the conclusion: The Euro is going to rally against the dollar. Next long-term target is 1.40 as shown on the chart. There will be a strong rise on this pair.
Current monthly candle is quite revealing, this month will close ultra-strong, super bullish signal. Four months closing green. Rising volume.
I don't know how you trade this stuff but the trend is up. Betting with the trend can increase positive results. EURUSD is going up. Up, up, up, up, up, up, up.
Namaste.
Here is the conclusion: The Euro is going to rally against the dollar. Next long-term target is 1.40 as shown on the chart. There will be a strong rise on this pair.
Current monthly candle is quite revealing, this month will close ultra-strong, super bullish signal. Four months closing green. Rising volume.
I don't know how you trade this stuff but the trend is up. Betting with the trend can increase positive results. EURUSD is going up. Up, up, up, up, up, up, up.
Namaste.
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➢ FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
➢ FREE Quality Content + New Results
t.me/masteranandatrades/6172
➢ Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
➢ FREE Quality Content + New Results
t.me/masteranandatrades/6172
➢ Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
Related publications
Disclaimer
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.