EURUSD - Regression Channel SINCE 2008
Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's update, we're taking a quick look at the Forex pair that everyone is watching👀 - the EURUSD. When viewing from a macro perspective on the monthly timeframe, it's clear that the Euro has slowly been losing steam, actually since 2008 already! And during this time, the regression channel has NEVER broken. Resistance zone at the top (blue channel) and support zone at the bottom (red channel). I've also added two of my own yellow trend lines to confirm the meeting point in the middle, this could be an indication of an important zone to watch. I'm leaning to possible rejection here after recovery towards the upside. Currently, I expect the price to continue trading in this channel and I suggest that the best way to trade this pair is to buy support and sell resistance with the dollar cost average method.
Unfamiliar with the dollar cost average method? More info HERE:
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CryptoCheck
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's update, we're taking a quick look at the Forex pair that everyone is watching👀 - the EURUSD. When viewing from a macro perspective on the monthly timeframe, it's clear that the Euro has slowly been losing steam, actually since 2008 already! And during this time, the regression channel has NEVER broken. Resistance zone at the top (blue channel) and support zone at the bottom (red channel). I've also added two of my own yellow trend lines to confirm the meeting point in the middle, this could be an indication of an important zone to watch. I'm leaning to possible rejection here after recovery towards the upside. Currently, I expect the price to continue trading in this channel and I suggest that the best way to trade this pair is to buy support and sell resistance with the dollar cost average method.
Unfamiliar with the dollar cost average method? More info HERE:
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow
We thank you for your support !
CryptoCheck
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