Forum > View Topic (Analytic)
This thread was started in response to the Analytic:
EUR Trade Index 18-Year Chart
Daily EURO chart of 18 years of cyclical developments in finance & politics
I see a bullish flag on the eurusd so I don't see that bearish reversal in the card. Besides eurusd is at the all important significant level 1.45 so let's see if that holds...it has been doing the same thing when it was stuck b/w 1.4260 & 1.4450....now it's ranging b/w 1.4450 & 1.4580...stochastics on the H4 is nearing oversold territory....it's a battle b/w the euro bulls and euro bears....who will be victorious? Hidden Bullish Divergence on the H4 as well....w/ price is making higher low and stochastics making lower low...So for now I favour a bullish move in this pair...just my 2 cents.
SET UP THE GOOD PARAMETERS
ELUSIVE THE WRONG THERM;
CHECK THE FIBO RETRACEMENT AND U'LL SEE ITS ALL CLEAR;
One good piece of data anywhere would have sparked a huge usd rally. Instead, cable owns FX at the moment.