You can see that the EURO has closed above a monthly key level 1.23206, the 50 EMA has crossed over price and is now below price action therefore we expect a strong uptrend as the last time the 50 EMA crossed over similarly on the monthly timeframe was 2002 when it had a bull-run from around 0.97 to an all time high of 1.60, so it looks promising that the 50 EMA...
Head and shoulders pattern has formed nicely, price has just touched the neckline for a successful failed retest. This was due to the EURO falling to 1.1920 area for support, i believe both pound and euro are going to finish strong this year. Investment banks such as Goldman Sachs have even predicted a weak year for the dollar. I see the DXY falling to create new...