EURUSD BROKE THE DOWNTREND CHANNEL AND A RETEST OF THIS LINE AT 1.1675 MAY BE CHANCE TO GO LONG AGAIN!!!CURRENTLY SHORT AS TWO PATTERNS EMERGE ON EURO. SUPPORT AT 1.1740 AND 1.1674
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1.1714 strong supportfor euro. which may be tested again
Thank you. In such a case DXY should go up, and gold down. Could you please supply new chart for XAU/USD. Thank you in advance.
smartstep78
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IT IS CLEAR NOW HOW FAR DXY WILL RETRACE DEPENDING ON EURUSD. 1.1740 AND 1.1674 ARE THE LEVELS TO WATCH ON EURO AND OPPOSITE IS TRUE ON DXY, AS FAR GOLD IS CONCERNED I ALREADY POSTED CHART SHOWING TRIANGLE ON GOLD. ANY BREAK OF TRIANGLE WILL TAKE THE PRIZE TO THE BREAKOUT TRADE IN THAT DIRECTION
fhsk2001
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@smartstep78, Thank you. I saw the descending triangle of gold. It is written in internet that descending triangles usually as a rule brakes above, but in could happen opposite.
smartstep78
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EVERYTHING CAN CHANGE. SO WE CANT TAKE CHANCE. IT DEPENDS ON FUNDAMENTALS. I DONT LIKE FUNDAMENTALS. TRADE SAFE. WAIT FOR IT TO BREAK OR TRADE RANGE WITH TIGHT STOP LOSS