It is making a possible double top now, If it drops below this rising trendline , it would be a good moment to go short.
If it does not drop below, expect it to take out the high at 1.25
For more info on my long term ( bullish ) view including some fundamentals, take a look at my previous EURUSD chart
I closed half, if it drops below this support line, expect 1.22/1.225
Its slightly below that support line
So the target was reached at 1.225, i will not wait for 1.22 ofcourse. It has a strong support here now. Because of stock market crash the last few days, things have changed a bit. A week ago i would say it would never drop below the 1.22 anymore. Now it's difficult to say!
For the ones who have not seen it yet, this is my long term outlook for EURUSD
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A perfect trade again, i am flat now on the EURUSD. I would like to go long, but things have chanced. The stock market seem to have started the bear market already, so now it's less clear for me what the Dollar will do the coming months. A drop below 1.22 means we could go towards the 1.19 again.
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