Hello traders!
I think all the people who trade something with USD, yesterday was impress by Eur/Usd with a superb rally on down trend and no correction.
If you are thinking on a low timeframe that this is the beginning of a new trend, maybe you right.
If you are thinking that this is just the complete correction on the bigger timeframe, maybe you are right too.
I post this analysis to see that the price did not breakout the resistance of the trend line to be on uptrend(long), and did not start the impulse (short) to be again on the down trend.
Be careful what decision you take and look twice at the graph.
Have a great day and take smart decision!
I think all the people who trade something with USD, yesterday was impress by Eur/Usd with a superb rally on down trend and no correction.
If you are thinking on a low timeframe that this is the beginning of a new trend, maybe you right.
If you are thinking that this is just the complete correction on the bigger timeframe, maybe you are right too.
I post this analysis to see that the price did not breakout the resistance of the trend line to be on uptrend(long), and did not start the impulse (short) to be again on the down trend.
Be careful what decision you take and look twice at the graph.
Have a great day and take smart decision!