EUR/USD outlook: bulls in charge?
Hello traders, in this video I look at:
- EUR/USD breaking a long-term downtrend channel (monthly chart view) to the upside;
- EUR/USD having an historically low ATR but still providing periods of momentum even as the pandemic starts to fade;
- EUR/USD targeting the 1.23 - 1.25 area next;
- EUR/USD being above the 100-day moving average and above a more recent upward trendline support;
- EUR/USD being well positioned for upward appreciation, historically;
- using a round-number indicator in TradingView to plot round numbers (and halves) on the chart;
- studying round-number levels interaction with price and considering how to trade this observation;
- lack of statistical testing on round-number levels.
Take care and see you in my next.
Stay safe
Happy trading
Francesco, FreeFX
- EUR/USD breaking a long-term downtrend channel (monthly chart view) to the upside;
- EUR/USD having an historically low ATR but still providing periods of momentum even as the pandemic starts to fade;
- EUR/USD targeting the 1.23 - 1.25 area next;
- EUR/USD being above the 100-day moving average and above a more recent upward trendline support;
- EUR/USD being well positioned for upward appreciation, historically;
- using a round-number indicator in TradingView to plot round numbers (and halves) on the chart;
- studying round-number levels interaction with price and considering how to trade this observation;
- lack of statistical testing on round-number levels.
Take care and see you in my next.
Stay safe
Happy trading
Francesco, FreeFX
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.