EUR/USD overview

EURUSD is in such interesting position right now. In one point of view i can clearly see the double bottom. Secondly, price has crossed resistence level and now stays in the very tiny triangle which actually means that possibly we have a new support level and price may go uptrend. Of course there is a big change for the opposite direction,

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.

EUR/USD overview

EUR/USD currently is in the phase of balance accumulation. It can be that many traders expect that current double bottom will be broken however i believe that possibly it may be the 3rd retest before trend reverse. I would wait before making any long term decisions but for the short term traders (scalp, swing) this kind fo situation is really great oppotunity.

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.

EUR/USD overview

Right now EUR/USD price is within a huge FLAT range. For long term investment is better to wait until price will breakeven the top "Yellow" resistence level. That would confirm the new uptrend.

Looking to the Daily chart i see a bearish day, daily candle is red so there is a chance to get some profit with shorts. But its just my personal opinion. I think the most effective is T1 target level.

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.