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Re: EUR/USD

rijay, Sat Feb 23, 2019 3:02 am

mlawson71 wrote:
Wed Feb 20, 2019 10:51 pm
Now there's not only a double bottom but also a hammer candlestick at the support at 1.1230, I think we may see a further move to the upside.
the real reason why EURUSD is not falling like rock is it is trading at multiyear trendline support and taking support at it. it needs more economical slowdown in eurozone to break it.

though on flip side USDINDEX has broken this multiyear down trend line and is trading above it for a while now showing strength.
EURUSDMonthly.png
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