Now the election is over. Euro is in "Buy on rumor, Sell on news" mode.
You can see the same scenario is happening on the APPLE price too.
A lot of unsuspecting traders will think the euro will go UP as Merkel won, it often to the opposite.
It is the same in Apple.
Our analysis is doing fine as the market goes in our favor.
Now it is at a little bit of support level of 1.185x region. So, please be careful as it can bounce.
Overall, I still see the more possibility on the downside.
The next nice support will be 1.172 (since it is the first strong congesting, and eventually 1.15.
Trade Safe,
s0nic
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because I'm not monitoring this chart all time.
You can see the same scenario is happening on the APPLE price too.
A lot of unsuspecting traders will think the euro will go UP as Merkel won, it often to the opposite.
It is the same in Apple.
Our analysis is doing fine as the market goes in our favor.
Now it is at a little bit of support level of 1.185x region. So, please be careful as it can bounce.
Overall, I still see the more possibility on the downside.
The next nice support will be 1.172 (since it is the first strong congesting, and eventually 1.15.
Trade Safe,
s0nic
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because I'm not monitoring this chart all time.
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