Looking in to this week, Eurodollar daily chart. General long term uptrend, ranging since mid Jan between 1.22 & 1.2550. This market holding its major trendline connecting Dec18 & jan 11 lows. Last Thursday intraday, price looked as though it may break below its trenedline before the bulls pushed price back above. All the while this trendline holds I am bullish on this market. If the bulls drive price higher above the Feb21 high (1.2360), should set up bullish intraday momentum setups, potentially a retest of the Feb26 (1.2550) high this week. However, if this market broke and closed below its major trendline, this would be bearish and possibly the signal for a trend change, at least in the short term. In this scenario, eurodollar could easily test the lows of the range this week, that being Feb09 low (1.2210) & Jan18 low (1.2165). At which point a re assessment would be needed.
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.