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| EUR/USD four-hour chart, source:MT4, KR futures |
One of the major currency pair EUR/USD ended this week with 1.2294 according to forexfactory.com. Unlike before the price of the pair didn't show a clear trend, upward or downward in this week. It is anticipated carefully the pair will try out making the trend next week.
In the weekly chart the upward trend is still available since November 2016 and though some corrections we can watch the market with the long bias. And we need to the trend line since 2011, it has lowered its peaks and the price of currency pair approaches the downward long trend line. The upward trend since 2016 and the downward trend since 2011 meets soon.
If the trade of pair EUR/USD should be made, trading with short-term position holding is recommended. If the four-hour chart gives the signal of market entrance, we can watch the market with long bias, strong euro and weak U.S. dollar.
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