EURUSD monthly analisys
personal opinion:
look at the long term channel, euro edged to the top of it, maybe a false break'out shape here, maybe a bit more to 1.188
The blue support line acting as the other resistance for the current price that´s why it is stopped here now
in this monthly chart, if we see the candle, it´s a long body all green candle which tried to penetrate ichimokou cloud.
now we arrived to 3 strong resistances that passing through all of them without a retrace really is not so predictable.
on the other side DXY arrived to the years term trend support around 93, which may drop a bit more near 92.7 and then it should reverse
all in all, I expect a reversal at list for the short term especially that RSI shows it totally overbought
drop until 1.750 to 1.1720 is very feasible if it can´t hold then furthure drop around 1.168
let´s see what is supposed to happen since next week in the August,
please share your ideas and comments
look at the long term channel, euro edged to the top of it, maybe a false break'out shape here, maybe a bit more to 1.188
The blue support line acting as the other resistance for the current price that´s why it is stopped here now
in this monthly chart, if we see the candle, it´s a long body all green candle which tried to penetrate ichimokou cloud.
now we arrived to 3 strong resistances that passing through all of them without a retrace really is not so predictable.
on the other side DXY arrived to the years term trend support around 93, which may drop a bit more near 92.7 and then it should reverse
all in all, I expect a reversal at list for the short term especially that RSI shows it totally overbought
drop until 1.750 to 1.1720 is very feasible if it can´t hold then furthure drop around 1.168
let´s see what is supposed to happen since next week in the August,
please share your ideas and comments
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