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Euro / U.S. Dollar
Long

EUR USD LONG

By KeithanSmith
Updated
LONG POSITION. THE USDOLLAR CONTINUES TO SHOW WEAKNESS. DESPITE POSITIVE OUTLOOK OF CPI CORE INFLATION TODAY, NO MAJOR PULLBACK WAS FOUND AND THE EURO CONTINUES TO APPRECIATE AGAINST THE DOLLAR. PRICE HAS BROKEN THROUGH A MAJOR RESISTANCE ZONE BETWEEN 1.205 AND 1.21, CLOSING ABOVE ON DAILY TIMEFRAME. THERE MAY BE SLIGHT PULL BACK TO THE TOP TREND LINE BUT THERE IS STRONG BULLISH MOMENTUM AS PRICE TRUCKED UPWARDS THROUGH THE UP CHANNEL. I EXPECT THE 1.23 HANDLE TO BE ACHIEVED LATER NEXT WEEK.
Comment
on way
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trade closed: TP hit
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trade closed: TP hit
EURUSDTrend Analysis
KeithanSmith

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