Hi fellow traders
After Friday the 13th of August we might see the Bucky strengthen against the EUR for quite some time. Here are my reasons:
On the Daily chart above of the EUR/USD we can see how the bearish Major Trend, which lasted for 8 months, has been violated to the upside. Now this violation has not been confirmed....yet
Therefore, price might be making its way down to the violated Major Trend resistance line (now significant support) at around 1.2200. Look at the chart below:
Also, the daily Fishing Stochastic is still what we call a "Strong Bear" so make yourselves ready for shorts on Monday morning in the chat room
See you there
See you there
Johan
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