Question: if someone held a gun to your head, and forced you to pick a 5 year+ forex pair that would capitalize on a USD bull market, which pair would it be?
The Swiss Franc has long since lost it's save haven status, and its largest trading partner is the EU, the failed 4th Reich. The Dollar remains the most sought-after currency in the ...
1.1550, a key level that the pair has been dancing either side of since august. A break in it could prove fatal or present an opportunity to get in with the bulls at 1.1500 . Confidence appears high, but new highs were recently made so we may not see it surpass the blue trend line without a substantial correction to the downside.
A longer-term bullish idea on the EURCHF - D1 - This pair looks to have recently broken out of a trading channel to the upside, I'd ideally like to see some sort of pullback to re-test the top of the channel & possibly the bullish trend line before looking to get long.
Ultimately there is some Fib confluence in the yellow area on the chart, which also happens to ...
Price is in an descending triangle on the daily. We've broken the counter trend line and are now back below the clouds. 50 EMA recently crossed below the 200 and we have rejected the 38.2 level and are headed down. Waiting for a break of the 0% level and a previous low wick for confirmation to take it down the he daily level.
Price failed to stay below the green zone, which means that this support zone still keeps well. Aggressive traders could enter long based on the trendline; otherwise traders could look for long entries when price breaks yesterday's high.