clear thing

Updated

Euro is bearish,
Next or price will bounce on the red line. Maybe pin below but close above before the rise. Or if close below then we'll see a deeper fall.

Note

I would not buy until I see the Macd again crossing upwards. The price can fall a little deeper. If there's a quick reversal after this the Macd will crossover up again. If this happens it may be time to go long again. But this does not change anything to the actual weakness in the euro.

Note

Note

If this turns out. I will be happy again ;-)

Note

I think we're about to see something

Note

hehe

Note

The bad news of hard Brexit, bad German industry, economic war between USA and China, political crisis in Italy and all the rest that is not going well for the euro zone is putting heavy weight on the so waited rebounce against the Dollar. Traders are waiting for the euro news. Until tomorrow we will see this same pressure going on until the news release. This will probably trigger a bigger move than what wee could see the last days. Looking to the statistics and indications it will be hard to predict a real direction. As we can see bearish indications telling us the price may move lower again, there can be also a sudden reversal. But at this time we can just see bearish indicators against oversold positions, bullish divergence and strong reversal levels. If the bearish indications are correct we can see the price breaking below the red box. Some big money moves can also reverse this bearish tendance. And then we can see all by a sudden bullish signs in the indicators. Since I'm waiting to take a real position in eurusd I just prefer to continue to wait until we get out of this situation.

Manu76

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.