A Simple Euro Survey
Good Morning Dynamic Traders!
The EURUSD has been down trending since July 2008.
The weekly chart evidenced a break of this trend in October last year after a sharp retracement to a recognised breather level. The New Year, however, has witnessed price revert to the main drift; presently seated at another breather zone.
The daily chart below displays this with more clarity.
Dynamic Traders may also wish to note the bearings of the "chicago" MA's, which are shadowing the recent MacD crossover.
Together with a relatively recent 123,886 formation, a conservative "edge" may be seen if the stalwart support is broken.
The EURUSD has been down trending since July 2008.
The weekly chart evidenced a break of this trend in October last year after a sharp retracement to a recognised breather level. The New Year, however, has witnessed price revert to the main drift; presently seated at another breather zone.
The daily chart below displays this with more clarity.
Dynamic Traders may also wish to note the bearings of the "chicago" MA's, which are shadowing the recent MacD crossover.
Together with a relatively recent 123,886 formation, a conservative "edge" may be seen if the stalwart support is broken.
With the collection of tidings this week, volatility is surely around the corner!
Allow patience to dictate your trigger, whilst recognising there is no "need" to be certain of what will happen next.
Simply place the odds in your favour and define your risk by prudent use of your ESLT.
EURUSD daily chart Advanced Get
Saba Jackson
Labels: eurusd
posted by Saba Jackson @ 8:48 AM
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