zenithmarkets
Long

EURO LONG NOW OR NEVER

FX_IDC:EURUSD   Euro / U.S. Dollar
Looking at the monthly EUR/USD chart the confluences are more so evident. The Stochastic Oscillator showing divergence of the lows. Price currently sitting just below the 61.8% Fib retracement, You can see the ascending channel beginning to form with our 1.3900 handle target being confluent with channel resistance and the D2 Fibonacci extension -61.8% respectively. I want a monthly close on Wednesday after the rate decision above the 6 month EMA and above the 1.1300 handle to confirm the start of the next leg up. This will also couple with a EURO Long summer rally. X MARKS THE SPOT
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