i am bearish on this currency.
most traders will tell you to go long because, of the actual shutdown, because dollar is showing weakness signs, because technicaly the euro still go breath to go up even with the correction made today.
every trader follow his own way of thinking, of analysing price movement,etccccc.
why i am bearish ?
if you look at my chart the uptrend blue line was holding or doing it's job for about a month from 1.3150 until1.3640 ( (500 pips) so the correction could at least be done on the 1/3 of 500 pips, so 1.3460 is the level to watch with attention. under that level i still bearish. if a pull back occur ,must swap my direction.
the blue up trend line has been broke,with a long red beautiful candlestick with a low reached at 1.3484.
A solution for the debt ceiling will be found sooner or later ( this week or the next one) , so the downgrade must happen at least by 1.5%.
My way of seing thing might not suit many ppl but this how i work. no big explanation and no big drawning chart to sound smart. this isforex and no one got extrapower to see the future.
trade safe
am short again from 1.3524.
most traders will tell you to go long because, of the actual shutdown, because dollar is showing weakness signs, because technicaly the euro still go breath to go up even with the correction made today.
every trader follow his own way of thinking, of analysing price movement,etccccc.
why i am bearish ?
if you look at my chart the uptrend blue line was holding or doing it's job for about a month from 1.3150 until1.3640 ( (500 pips) so the correction could at least be done on the 1/3 of 500 pips, so 1.3460 is the level to watch with attention. under that level i still bearish. if a pull back occur ,must swap my direction.
the blue up trend line has been broke,with a long red beautiful candlestick with a low reached at 1.3484.
A solution for the debt ceiling will be found sooner or later ( this week or the next one) , so the downgrade must happen at least by 1.5%.
My way of seing thing might not suit many ppl but this how i work. no big explanation and no big drawning chart to sound smart. this isforex and no one got extrapower to see the future.
trade safe
am short again from 1.3524.