Euro / U.S. Dollar
Long

Different view on EUR/USD

49
This is just a speculation based on market structure which has not been builded up yet. But it came to my mind to look on EUR/USD differently as I was looking on charts. Seeing the latest price action it provided us after the purple trend line break which was with no arguments very srong and supressive. Strong and clear obvious short, isn´t it? Easy money. When I hear this I am cautious. I cannot write the details right now. Just think about the green trend lines. What do you think about them? Nice. Aren´t they? Would you like to short the green ones? Why not. But what if...they are not breaked down.

Divergences on daily, momentum is raising, MACD might be forming up.

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.