THP-Forex-Academy

Eur/Usd (Yearly chart)

Short
FX:EURUSD   Euro / U.S. Dollar
Hello traders!
My long-term view on Eurusd is for sell. Seeing the instability of the market and without the stability of the economic stability of Europe, I can say that soon the world will go into a global crisis. America is so far the most stable in the country's economy. The ongoing wars have greatly affected the economy of the states. Based on the performance of Eur/Usd during certain periods since 2008, it has started to decline. In the weekly chart, we see that the pair is in the diamond pattern, also the price failed to break the 1.1000 level. This year started with a decline and, in my opinion, it will end with a decline. In my opinion, the crisis has just started. The pair can give one last blow up and then down. Target 0.9600. Be careful! Don`t forget to look at the economic calendar!
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Comment:
The line is broken. The candlestick is closed below the line. Wait for the break of 1.0610 to continue to 1.0400! Thanks for the support! 😀

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