Wednesday, 24 May 2017

[EUR] Long Bias but waiting the time

EUR/USD 4-hour chart, source:forexfactory.com

Long bias to currency pair EUR/USD is still available, I think. Till last week we get the long position but it’s not appropriate to buy the pair. Because the chart shows the sign of adjustment due to the rally until last week.


And it seems to be hard break over 1.1250 at one breath due to the adjustment in this week. The long bias to the one of the major currency pair EUR/USD is available but it is reasonable to provide for the fall of the price. It may plunge to 1.1000.


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