EURUSD Chart 19

EURUSD - Likely To Resume Uptrend

EURUSD - Likely to Resume Uptrend by DanV on TradingView.com

18 July 2014

Updates and comments

Many notable Banks, Fundamental & Technical Analysts have been calling EURUSD lower almost ever since it formed significant low in July 2012.

Many have been focusing on what looks like rising wedge which if correct then on completion it would implicate bearish action to at least price retracing to the beginning of the wedge. 

According to many analyst this wedge is being formed from the July 2012 low and completed at recent high, however, this is being incorrectly interpreted. 

Whilst it has moved broadly side ways for most of 2014 so far, I believe it is forming a base with 1.3450 - 1.340 holding it has every possibilities for it to head higher and complete the larger AB = CD measured mover to 1.44 area. 

Select to follow me and the chart of being notified of any updates. 

As always this is my view based on my interpretation of price action and suggest you do your own analysis for your trade planning. 

Back to all EURUSD charts

This Form cannot be submitted until the missing fields (labelled below in red) have been filled in
Contact
Please note that all fields followed by an asterisk must be filled in.
First Name*
Last Name*
E-Mail Address*
My question is*
GDPR*	I am at least 16 years of age. I have read and accept the privacy policy. I understand that you will use my information to contact me or send me the information I requested.
Please enter the word that you see below.