EUR/USD outlook: bulls in charge?
Hello traders, in this video I look at:
- EUR/USD breaking a long-term downtrend channel (monthly chart view) to the upside;
- EUR/USD having an historically low ATR but still providing periods of momentum even as the pandemic starts to fade;
- EUR/USD targeting the 1.23 - 1.25 area next;
- EUR/USD being above the 100-day moving average and above a more recent upward trendline support;
- EUR/USD being well positioned for upward appreciation, historically;
- using a round-number indicator in TradingView to plot round numbers (and halves) on the chart;
- studying round-number levels interaction with price and considering how to trade this observation;
- lack of statistical testing on round-number levels.
Take care and see you in my next.
Stay safe
Happy trading
Francesco, FreeFX
- EUR/USD breaking a long-term downtrend channel (monthly chart view) to the upside;
- EUR/USD having an historically low ATR but still providing periods of momentum even as the pandemic starts to fade;
- EUR/USD targeting the 1.23 - 1.25 area next;
- EUR/USD being above the 100-day moving average and above a more recent upward trendline support;
- EUR/USD being well positioned for upward appreciation, historically;
- using a round-number indicator in TradingView to plot round numbers (and halves) on the chart;
- studying round-number levels interaction with price and considering how to trade this observation;
- lack of statistical testing on round-number levels.
Take care and see you in my next.
Stay safe
Happy trading
Francesco, FreeFX
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