EURUSD Long Term Higher Low = Complete.
30+ year Bull trend, 618% Fib level holds up quite well.
By late summer months 2019 a test of 1.28-1.30 is on the horizon, as we near a ECB Hike. The higher low has formed on EURUSD and we are now bullish on the pair medium to long term.
In otherwords, will be buying swing lows & seek to rack up buy position trades for a significant extension higher.
-Main fundamental reason behind the move is the wide GER10YR-US10YR Bond Yield spread which can only tighten in favour of EUR.
-Simple.
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In regards to the immediate moves on EURUSD, I believe it is headed right into buy orders & will be looking for longs between 1.1530-1.1569
-An extension below the aforementioned region extends immediate downside risks towards 1.1494. Below that support lies between 1.1335-1.1379
Will only be entering on lowertime frame correspondence and confirmation
By late summer months 2019 a test of 1.28-1.30 is on the horizon, as we near a ECB Hike. The higher low has formed on EURUSD and we are now bullish on the pair medium to long term.
In otherwords, will be buying swing lows & seek to rack up buy position trades for a significant extension higher.
-Main fundamental reason behind the move is the wide GER10YR-US10YR Bond Yield spread which can only tighten in favour of EUR.
-Simple.
-------
In regards to the immediate moves on EURUSD, I believe it is headed right into buy orders & will be looking for longs between 1.1530-1.1569
-An extension below the aforementioned region extends immediate downside risks towards 1.1494. Below that support lies between 1.1335-1.1379
Will only be entering on lowertime frame correspondence and confirmation
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