But the charts say, It's time for s SELL.
Waiting on the EUR/USD’s Next Move
The trend is taking on a bullish Directional Bias and with this shift comes the opportunity to look to longer-term time frames for a trend-following buy. The three prior resistance levels on the daily have all been broken but intraday swings have continued to be viable set ups. Even when I discussed a potential intraday fade in “To Fade or Not to Fade: The EUR/USD and the 1.3100 Level” back on December 13, there was still support on the 60-minute time frame. I was hesitant to commit to a longer-term bullish play mainly because of the kind of volatility (and euro weakness) that talk of a ECB rate cut was injecting ... (full story)