approaching the monthly pivot at 1.5715 as I said
![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
MT4: how to change "EURUSD" to "#EURUSD"? 3 replies
Re: EurUsd short term 15 replies
did oanda just drop its spread for eurusd to 1 pip? 11 replies
EA for multiple lot limit order for EURUSD 0 replies
NFP nice bump up on EURUSD 2 replies
DislikedOn Sunday I posted the chart below and since then we have seen yet more confirmation that the long term trend for the Euro looks as if it has recommenced.
- 1.56 has been well and truly broken
- New May high reached today
- Doji on weekly chart
- Weekly seeing higher lows and higher highs
- Daily seeing higher lows and higher highs
- Even negative ZEW sentiment today was only enough to cause a short blip down for the Euro before the lost ground was re-captured against the USD and a new May high was chalked on the board.
All this gives me more reason to believe that the longer term market sentiment is still bullish and trending up, as it has done for over two years.
I'm not smart enough to use the mass of fundamentals out there to forecast the future as I'm not an economist who has been successful in market forecasts. So my best bet is to let price show me the way.
Of course there will be retracements, but I won't fret and think the market has changed direction when they occur. That would be like thinking a tsunami has arrived every time a wave breaks on the beach. I shall be careful but relax and ride the waves when I catch them.
So far I am riding waves up since 1.54 using Jacko’s method including his AH strategy and I'm optimistic of a good journey from the recent dip in the long term upward trend.
RobIgnored
DislikedIn @ 1.54 using Jacko's method = Big profits. Are you still holding?Ignored
Dislikedimportant news in 2 hours
expecting going down at least to the daily pivot
1.5609Ignored
DislikedI am not holding any positions right now. But how do you know the news will cause it to go down necessarily? What if it's good news for the Eurozone?Ignored
Dislikedless thand 15 min until IFO from Germany, we'll see where this will go.Ignored