People,
another interesting movement on this particular pair.
Everybody talking about selling in last month, and now finally I could agree about this.
EUR: After 2 weeks of substantial gains plus 4 months trend in EUR G7 gains, maybe is time for some consolidation. This week is the first indicator about that. EUR lost 0,92% at the moment ag. G7.
USD:
Last 3 weeks - still selling pressure on USD ag. G7. Again, this week USD is on a pause or maybe some consolidation in process. As we can see also on other pairs, we some some nice days of USD strenght.
EURUSD:
After so nice and long trend upwards who can say that it will change? Well, as we can see, last 5 months gains on this cross are really nice to look if we are long. I recomended only long positions, till this week happened. We saw last 2 weeks working for the trend, and now we can see first negative one (0,65%).
TECHNICALLY:
Lots of strategies on 1,45-47 which is major resistance level for the cross. Weekly Fibo on 1,45 and also on 1,47. Trendline resistance on 1,452. Some good attributes to further resistance at level 1,45.
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