Ho fellow traders,
This week is a most interesting week for the markets, for there is lots of central banks decisions.
By taking a look at the daily chart for EURUSD and then we move to the monthly chart(
), we will recognize that EURUSD has been forming a quite stable ground from a price range between 1.0400x-1.050xx.
The price zone whereat it has been mostly trading up to now at D1 TF is between 1.05267-1.06608 and it seems to be to try to make a further move up. If we are listening to the media, then mostly it is talking about the political risks in EU, in fact, the price show us another picture.
As described on the chart, EURUSD will be in a worst condition, if the price breaks down the level of 1.048xx again at D1 TF, and then we can say EURUSD will head further southward. To get such kind of condition, then the political situations have to become worst than now and on the other hand the situations in the U.S. must yet be brighter than now, but in fact both economical and political situations in the U.S. are still vague.
About the trading levels for EURUSD just take your look at the depicted chart for your further reference.
Trade well!
m2m
This week is a most interesting week for the markets, for there is lots of central banks decisions.
By taking a look at the daily chart for EURUSD and then we move to the monthly chart(
The price zone whereat it has been mostly trading up to now at D1 TF is between 1.05267-1.06608 and it seems to be to try to make a further move up. If we are listening to the media, then mostly it is talking about the political risks in EU, in fact, the price show us another picture.
As described on the chart, EURUSD will be in a worst condition, if the price breaks down the level of 1.048xx again at D1 TF, and then we can say EURUSD will head further southward. To get such kind of condition, then the political situations have to become worst than now and on the other hand the situations in the U.S. must yet be brighter than now, but in fact both economical and political situations in the U.S. are still vague.
About the trading levels for EURUSD just take your look at the depicted chart for your further reference.
Trade well!
m2m