maramo89

maramo89

From a purely technical perspective, the monthly chart appears quite well-defined. We're currently in a descending channel with no indication of breaking upwards, so I believe we’re heading toward the psychological level of 1.00, and possibly even lower into the 0.90 range.

maramo89

Gold is extremely bullish, trying to play short this one (R:R 1 to >4). The only thing that refrains me from going long is that there is unfinished business around $2100 area. When I'll see that demand zone filled/retested, it'll give me more confidence on the bullish move. Also, we never retested that zone, that used to be a huge resistance zone, so it kind of...

maramo89

On the higher Timeframes EUR/USD is still bearish. US futures on the all time high, and we are aware of the correlation between the two, especially with the SP500. Based on supply and demand area I'm expecting this pair to bounce back from the low 1.09 area down to the 1.07 area.