Technically: EURUSD has been returned to it 10 YEAR trend since 2018.
on weekly chart i expects 1.26 ~ 1.262 to the point on the trend line. Moreover, it is also Fibonacci expansion at the same points ( 1.26~1.262). now that we have two strong matching indicator of Trend line and Fibonacci, we might buy ( at weekly chart) or wait for daily and 4 H correction in order to buy.
MACD at weekly ad daily and even 4 H are still uptrend
RSI indicates for oversold EURUSD at all long time frames .
Todays weekly candle is very important. if EURUSD closed below 1.2425 than it might be an indicator for a good correction next week.
in summary: Wait for correction and buy in order to close it at 1.26 or 1.2620.
if weekly candle closes below 1.2625 Sell and place a SL at 1.2630 and TP at 1.2335, TP2 at 1.2215
P.S EURUSD might break up this 10 years trend, if that would be true, then the we might witnessing EURUSD around 1.30s very soon this year.
Fundamentally,in 2017 i have read major banks expectation on EUR for years b2018, 2019, and 2020. mostly agreed that EURUSD is to hit 1.25 in 2018 and some banks goes beyond. the majority of banks agreed that EUR to be 1.30s during 2019 and 2020. However. observer of the #ECB committee know that the ECB is not willing the EUR to be at these high levels and they willing the EUR to be below 1.20. on the other hand, if the EQ which is still carrying out in the ECB will be eliminated at end of 2018 or expected to be eliminated, then we might see EURUSD @ very high levels.
on weekly chart i expects 1.26 ~ 1.262 to the point on the trend line. Moreover, it is also Fibonacci expansion at the same points ( 1.26~1.262). now that we have two strong matching indicator of Trend line and Fibonacci, we might buy ( at weekly chart) or wait for daily and 4 H correction in order to buy.
MACD at weekly ad daily and even 4 H are still uptrend
RSI indicates for oversold EURUSD at all long time frames .
Todays weekly candle is very important. if EURUSD closed below 1.2425 than it might be an indicator for a good correction next week.
in summary: Wait for correction and buy in order to close it at 1.26 or 1.2620.
if weekly candle closes below 1.2625 Sell and place a SL at 1.2630 and TP at 1.2335, TP2 at 1.2215
P.S EURUSD might break up this 10 years trend, if that would be true, then the we might witnessing EURUSD around 1.30s very soon this year.
Fundamentally,in 2017 i have read major banks expectation on EUR for years b2018, 2019, and 2020. mostly agreed that EURUSD is to hit 1.25 in 2018 and some banks goes beyond. the majority of banks agreed that EUR to be 1.30s during 2019 and 2020. However. observer of the #ECB committee know that the ECB is not willing the EUR to be at these high levels and they willing the EUR to be below 1.20. on the other hand, if the EQ which is still carrying out in the ECB will be eliminated at end of 2018 or expected to be eliminated, then we might see EURUSD @ very high levels.
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Rule # 1 in Forex: Long-term trading works well