Technical analysis for me says bullish, there is a risk though
Technical analysis would say this is a possible long as the long term bias looks bullish. Be mindful of the bigger risk in economical factors as the Yen is not doing so well, with a proposed injection of some money by the state to boost the economy. This information keeps pair at the risk of fast paced downfall. For now I will trust my technical analysis.
Possible buy, the day low of the previous day taken, it's all bulls here on.
Long-term there is a possible fall on the EURUSD but this will be more confirmed by the Dollar Index reaction. More on this to come.
Last day of the month and yesterday the US had presidential debate, I will take a risk, Short this pair in hope of quick move to which one would say its fundamentals.
Yes the market does look set to shoot up, for some reason I am not so convinced. The past week price has been finding rejection at 1.1900. If I lose I lose but I am looking to Short this.
To be honest this is just to see what I am missing when I am trying to do analysis it is not really a trading idea. The idea is EURUSD is to go up, Price on Friday closed on diagonal Support Area. This Support has been tested a few times it held. I will not go further in explaining but I am hoping the market movement will go as I have highlighted on the...