EURUSD at trendline support
Interesting times for the EURUSD.
Here we are at trendline support [1985 - 2015 t/l]
The monthly chart shows us 9 consecutive months of bearish price action - will April be 10 mths ? - we are under trendline as of today.
Month is not over yet so there is a possibility for the April candle to close above the drawn trendline.
We also see a 0.7071 (sqrt of 0.5) bounce at trendline - will current price action repeat history ?
I will wait for the completion of the April candle with interest.
Here we are at trendline support [1985 - 2015 t/l]
The monthly chart shows us 9 consecutive months of bearish price action - will April be 10 mths ? - we are under trendline as of today.
Month is not over yet so there is a possibility for the April candle to close above the drawn trendline.
We also see a 0.7071 (sqrt of 0.5) bounce at trendline - will current price action repeat history ?
I will wait for the completion of the April candle with interest.
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