EUR/USD LONG - Momentum trendline break - Dollar weakness

17 Kas 2018

EUR/USD LONG

Talking points,

Technicals:
Bounces of support, at trendline momentum is getting stronger, indicates that the price is going to break trendline.
Next resistance will be at 1.145000. RSI at 50.

Fundamentals:

Thanksgiving US Holiday (Thursday & Friday), Liquidity. Expecting dollar weakness

Sentimental:


Retail FX traders are positioning in Dollar-based majors like EUR/USD: 63% of Retail Traders are Long, Despite YTD lows

19 Kas 2018

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