EURUSD whats next? 2

17 thg 12, 2022

Hello Birdies,

First lets talk about chart:

• We have two black lines on chart there history will be posted in comment as screenshot
  
• The red line + black line + circle is providing strong resistance and price already fallback inside the circle
  
• There is a lot of liquidity in terms of imbalances
  

So in long run we are seeing EUR @ 0.85-0.88 as per chart the time will be around May-Aug 2024

17 thg 12, 2022

Ghi chú

The black and red line is coming from ATL of the pair and now price converted and confirmed it as a resistance

17 thg 12, 2022

Ghi chú

The other black line is what EUR trying to convert it into support since 2008. Once converted we will see a boom in EURUSD after that. The time span this spread over is from May to Nov 2024