Looking at the EURUSD we can see that price has broken out of the descend-ending channel that was created around the 31st of January. According to our strategy we will trade this correction as we see a possible new momentum to the upside. However the pair has been falling since 2018 and has made no real move to the upside. Looking at the longer term structure, we can see more room to the upside and with this we can forecast a nice up move towards to impulsive down leg.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.