AS THE EURO CONTINUES ITS PATH DOWNWARDS, WE MUST PAY ATTENTION TO POTENTIAL AREAS OF SUPPORT. HERE I HAVE INDICATED ALL UPCOMING SUPPORT LEVELS THROUGH PRISM ANALYSIS AS WELL AS POTENTIAL SUPPORT LEVELS FROM THE CHARTS HISTORY.
BY LOOKING AT THIS CHART, IT SEEMS AS IF THERE IS NOT MUCH SUPPORT UNTIL WE ARE CLOSE TO PARITY (1.00). PARITY IS A MASSIVE PSYCHOLOGICAL BARRIER AND WILL GET THE SHEEPS ATTENTION, LIKELY WHERE WE WILL SEE A RELATIVE REVESRAL IN EURUSD. ALWAYS REMEMBER TO WAIT UNTIL TREND REVERSAL IS 100% CONFIRMED BEFORE LONGING THIS PAIR, AND HAVE NO BIAS. PERCEPTION IS EVERYTHING.
@YUNGFINANCE
BY LOOKING AT THIS CHART, IT SEEMS AS IF THERE IS NOT MUCH SUPPORT UNTIL WE ARE CLOSE TO PARITY (1.00). PARITY IS A MASSIVE PSYCHOLOGICAL BARRIER AND WILL GET THE SHEEPS ATTENTION, LIKELY WHERE WE WILL SEE A RELATIVE REVESRAL IN EURUSD. ALWAYS REMEMBER TO WAIT UNTIL TREND REVERSAL IS 100% CONFIRMED BEFORE LONGING THIS PAIR, AND HAVE NO BIAS. PERCEPTION IS EVERYTHING.
@YUNGFINANCE
