After further analysis on the weekly and monthly chart, I have identified what looks like a much larger broadening bottom pattern which signals the possibility of much further U.S. Dollar weakness.
Based on my previous video analysis, my original target for the EUR/USD was 1.2000 however 1.2500 – 1.3000 is not out of the question now. We haven’t traded in that price range since 2014.
In the immediate term, we could see a bullish acceleration if we begin trading cleanly above 1.1500.
I will expand on this analysis in my next upcoming weekly video.
Good Luck & Trade Safe.
Based on my previous video analysis, my original target for the EUR/USD was 1.2000 however 1.2500 – 1.3000 is not out of the question now. We haven’t traded in that price range since 2014.
In the immediate term, we could see a bullish acceleration if we begin trading cleanly above 1.1500.
I will expand on this analysis in my next upcoming weekly video.
Good Luck & Trade Safe.
•NYC Trader since 2008
•Need Help Trading? internaltrader.com/helptrading
•Need Help Trading? internaltrader.com/helptrading
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.
•NYC Trader since 2008
•Need Help Trading? internaltrader.com/helptrading
•Need Help Trading? internaltrader.com/helptrading
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.