Euro has been rallying to the skies for months now and that's more than obvious in EURUSD and EURJPY, but in general the latest months were bullish for the European currency, which clearly means that it can't go higher at least for now and without a correction. However, the following months will be crucial for the European which means that we might see a bearish turnover.
Technically that can be seen on EUR in an indexed form. The index formed a double top above a strong and clean resistance. If it holds then we might talk for EUR bullish continuation, but if it breaks then we should start reducing long positions in EUR and for my swinger fellows, you should look for longer term bearish setups.
Thanks for your time! :)
Technically that can be seen on EUR in an indexed form. The index formed a double top above a strong and clean resistance. If it holds then we might talk for EUR bullish continuation, but if it breaks then we should start reducing long positions in EUR and for my swinger fellows, you should look for longer term bearish setups.
Thanks for your time! :)
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