View RSS Feed

TechnoMeter

EUR/USD - long-term bullish breakout

Rate this Entry
by , 07-28-2017 at 05:30 PM (891 Views)
      
   
EUR/USD captured headlines today as it printed a fresh 2.5 year high on the heels of Yellen cautiously looking at inflation. We have been bullish EUR/USD since May 22 targeting a retest of the 1.16 highs. Now that we have arrived, what’s next? Is this new 30 month high a fresh breakout or a fake out to draw the bulls in? The model we are following shows the shorter term trend may be nearing the end of this upward trend. Multiple models are pointing to a sell off towards 1.1250-1.1400. From there, the models begin to diverge.

Name:  eurusd-mn1-metaquotes-software-corp.png
Views: 75
Size:  36.4 KB


more...

Submit "EUR/USD - long-term bullish breakout" to Google Submit "EUR/USD - long-term bullish breakout" to del.icio.us Submit "EUR/USD - long-term bullish breakout" to Digg Submit "EUR/USD - long-term bullish breakout" to reddit

Comments