EURUSD at trendline support
Interesting times for the EURUSD.
Here we are at trendline support [1985 - 2015 t/l]
The monthly chart shows us 9 consecutive months of bearish price action - will April be 10 mths ? - we are under trendline as of today.
Month is not over yet so there is a possibility for the April candle to close above the drawn trendline.
We also see a 0.7071 (sqrt of 0.5) bounce at trendline - will current price action repeat history ?
I will wait for the completion of the April candle with interest.
Here we are at trendline support [1985 - 2015 t/l]
The monthly chart shows us 9 consecutive months of bearish price action - will April be 10 mths ? - we are under trendline as of today.
Month is not over yet so there is a possibility for the April candle to close above the drawn trendline.
We also see a 0.7071 (sqrt of 0.5) bounce at trendline - will current price action repeat history ?
I will wait for the completion of the April candle with interest.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.