[EURUSD,21/12/2018] Time to face the reality - Buy
Updated
Reasons:
1. DXY has been incredibly weak even if FED increased interest rate
2. Price has breached two downward trend lines that I don't expect the last defence would hold today(downward trend line since April)
3. Fundamentally, Italy budget conflict has been basically solved
Plan:
- Buy if 1.14000-1.14100 support holds
1. DXY has been incredibly weak even if FED increased interest rate
2. Price has breached two downward trend lines that I don't expect the last defence would hold today(downward trend line since April)
3. Fundamentally, Italy budget conflict has been basically solved
Plan:
- Buy if 1.14000-1.14100 support holds
Note
1.15000 is also a great entry position to short.Note
Ichimoku, Bollinger Band and RSi suggest the price has turned into downward trend again, especially the price current has breached the upward trend channel.Note
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