-
EURUSD Future Direction Hinges on This
If you saw last weekend’s market forecast video, you know the EURUSD is sitting on multi-decade support. The support level is the bottom of an ascending channel that began in the 2000s, and it currently sits at 1.088. Note that this is the same level that supported the market in March 2020. So in many ways, we can say that this is the most significant inflection point in the post-COVID era. The euro tested this area on Friday and traded below it briefly today. However, buyers have stepped in since then. We’ll have to see where today closes to know whether or not 1.088 support will continue to hold. But as I ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Mar 7, 2022 10:47am Mar 7, 2022 10:47am
- hkg_paul
- Joined May 2011 | Status: Member | 1069 Comments
- Comment #2
- Quote
- Mar 7, 2022 10:57am Mar 7, 2022 10:57am
- mkjenna
- Joined Mar 2010 | Status: Fluting on the humps | 147 Comments
- Comment #3
- Quote
- Mar 7, 2022 11:45am Mar 7, 2022 11:45am
- golfim
- | Joined Jul 2010 | Status: Member | 7 Comments
- Comment #4
- Quote
- Mar 8, 2022 3:41am Mar 8, 2022 3:41am
- DonFF
- | Commercial Member | Joined Nov 2014 | 1969 Comments