Since the first quarter of 2015, the EUR/USD has been in an accumulation range until a breakout to the upside in May 2017. Price has now pulled back to the POC (point of control) on the weekly chart, which is a retest of the prior range. A weekly buy pivot is now forming at the 50% Fibonacci level. A long entry signal on the daily chart has now printed.
Time is the only true currency...how will you spend yours and what value will you receive?
Also on:
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.