TradeOverseer

TradeOverseer Updated 

Ideal timing for a bullish longer term trade on EUR/USD is here. An all-time support line and demand zone crossing, covering with fib is all seen as a "hard to brake" zone where a lot of buyer is waiting to push the pair higher. As DXY facing strong supply zone at the moment, it will be nothing but fuel for the pair to show some strength in the last quarter of...

TradeOverseer

DXY currently facing strong resistance on Monthly time-frame. We can expect further downfall on the currency, prior continuing it's bullish trend to 105 - 107 area. I am also short USD/JPY and long EUR/USD as it is presented with perfect timing to enter in a longer term trades.

TradeOverseer

EURUSD has been sitting at the perfect spot technically, supported strongly as price bounces off strong trend line channel made off bottom in October 2000 and June 2001. Connected and then mirrored lower, formed a clear and strong channel, which EURUSD is certainly respecting it to the point. We will see demand in the EUR currency over the summer and trade is...

TradeOverseer

I believe overall we will see a reversal in next months on EURUSD. Technically speaking, we have two strong channels crossing, adding one of the oldest Fibonacci levels and demand zone in the eye of it , indicating the pair will face strong technical and psychological zone in the upcoming weeks to come, resulting in bounce of up to 700 pips. We will see...