-
EUR/USD Technical Analysis: One-Month Euro Uptrend Broken
•EUR/USD Technical Strategy: Pending short at 1.1809 •Euro breaks monthly uptrend vs. US Dollar, hinting near-term top in place •Retest above 1.18 sought for improved risk/reward to enter short positio The Euro turned lower against the US Dollar after hitting the highest level since January 2015 as expected, with prices breaking the one-month rising trend. The selloff followed impressively strong US labor-market data that triggered a USD-supportive shift in Fed rate hike expectations. From here, the next major layer of support is marked by the 38.2% Fibonacci retracement at 1.1608. A daily close below that ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Aug 7, 2017 12:07am Aug 7, 2017 12:07am
- sunpied
- | Joined Feb 2016 | Status: Member | 270 Comments
- Comment #2
- Quote
- Aug 7, 2017 4:03am Aug 7, 2017 4:03am
- hniamehr
- | Joined May 2010 | Status: Member | 58 Comments
- Comment #3
- Quote
- Aug 7, 2017 5:56am Aug 7, 2017 5:56am
- OnlineAddict
- Joined May 2014 | Status: From1toMillion | 3114 Comments
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return:
36,296.0%
- Comment #4
- Quote
- Aug 7, 2017 9:02am Aug 7, 2017 9:02am
- cliffedwards
- | Membership Revoked | Joined May 2006 | 3078 Comments
- Comment #5
- Quote
- Aug 10, 2017 9:52am Aug 10, 2017 9:52am
- hniamehr
- | Joined May 2010 | Status: Member | 58 Comments