Mennzz

Mennzz

Although my previous long-term outlook for EU was strongly bullish, the U.S. economy may seem strong on the outside, but really is weak on the inside. After taking a look at and analyzing an actual EURUSD yearly chart, the odds are that this pair may be seeing a long downturn to around 1.10 or lower. After that, ranging is possible until a retracement or trend change.

Mennzz

4Hour Time Frame candle closing on moderate weekly support line and constant divergence which is heavily exhausted and can't diverge any longer may cause a rise in price to 1.326 or higher.

Mennzz

In an uptrend, long sharp moves shove the price upward towards it's LONG awaiting destination, but every so often, bandits come out from hiding whenever the good stuff is in view. As in this case, bears come out from hiding to kill a few bulls and reclaim their SHORT destination driving the price down. But in an uptrend, bulls are bulls and usually reign strong,...