EURUSD has been heading towards monthly and weekly trendline. Now it is pretty close to reaching it. Weekly evening star formed some upper resistance which will hold price ranging until it hits the trendline. However it is possible, the price can break or spike through to monthly trendline earlier. Whatever the scenario, once the price hits the trendline, the drop into ichimoku cloud should follow. With some ranging in the cloud, the downward movement will continue for weeks. I doubt, the price will break through a monthly trendline as it is already in the maximal ATR range and the USA will remain a world superpower next decade. Unless some war happens or truly geopolitical shift of worldwide scale what is unlikely.
Сделка активна:
Price went down to Kijun sen and fib support line. On weekly strength indicator, euro remain among top 3 strongest assets now while usd is weakening. Now we should expect a bounce up from this support level.