The previous daily channel we were talking about seems to be over. The pair topped at around 1.4337 A new upper and lower trend line seems to be forming. Oil and S & P are up at the moment. This usually results in weakening USD.
Remember i mentioned that the EUR/USD seems to be trying to climb back to the daily channel but i am more short biased? It seems that it indeed failed and the former support is now resistance. Interesting to note that under the Koala System, daily is starting to become flat. […]
24 Hours later, we are back at almost the same price levels. 1.4000+ Everyone repeat after me, R A N G I N G market. On the other note, it is hovering around the lower trend line of the daily. My bet is the former support is now functioning as […]
Take a look as EUR/USD tries to gain strength to creep back up to its channel on the daily. I am more biased towards short as the S & P is not doing so well and these days these 2 go almost hand in hand. If so, the channel line […]