BlackBirdTrading

EURUSD whats next? 2

Corto
BlackBirdTrading Actualizado   
VANTAGE:EURUSD   Euro/Dólar estadounidense
Hello Birdies,

First lets talk about chart:
  • We have two black lines on chart there history will be posted in comment as screenshot
  • The red line + black line + circle is providing strong resistance and price already fallback inside the circle
  • There is a lot of liquidity in terms of imbalances

So in long run we are seeing EUR @ 0.85-0.88 as per chart the time will be around May-Aug 2024
Comentarios:
The black and red line is coming from ATL of the pair and now price converted and confirmed it as a resistance

Comentarios:
The other black line is what EUR trying to convert it into support since 2008. Once converted we will see a boom in EURUSD after that. The time span this spread over is from May to Nov 2024


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