Last week, my ideas allowed me to trade with a great success. I have used EURUSD for short positions and it was good trading week for me. Those who are following me i hope you had a good week also.
As i made my forecast last week, EURUSD finally dropped down. Right now EURUSD has reached important support level and probably it will stay in a high volatility flat channel for a while however in a long run i expect EURUSD to continue downtrend to the level of 1.06000.
By the way, level 1.06000 is the bottom line of the flat channel on weekly chart so i think long term players on the market have this level as a target.
NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.
