It has gills and all.. Deathcross can be seen to be occurring currently on the pair, this may lead to another touch of the upward trendline before movement upwards occurs. A bullish descending scallop can be seen also to have recently formed, however low the success rate.
Today there was to break above the downtrend line, drawn from the top level of 1.1617. From a technical point of view, the demand side gained an advantage, but I do not think that further increases could be continued without the abolition of part of the gains. Therefore, Wednesday's session may take for correction. In my opinion currency pair should move between...
At the moment the currency pair is moving around the level of 1.1022, which is around 23.6% fibo abolition of inheritance from 1.1427 - 1.0909. Given the recent dramatic declines and no new minimum (during the Monday session), we can assume that the demand side begins to catch his breath. It may suggest the development of local correction toward resistance...
Moving on to the analysis of the Eurodollar, it is worth quoting a curiosity about the strength of the dollar in April in previous years. It turns out that April is one of the worst months for the dollar. For example, we may use the last 5 years (EUR / USD), when the euro strengthened against the dollar in April fourfold. The exception here is April 2012.
Looking...
