EURUSD has jumped up more than 200 pips in the last 24 hours. Infact EURUSD has jumped up more than 300 pips in the past 3 days on the US poor economic data. Take a look at this EURUSD H1 chart that shows a strong bullish divergence signal that appeared 24 hours before. This was… Continue reading EURUSD Jumps Up 200 Pips On Poor US Economic Data
Tag: eur/usd
How Low Can EUR/USD Go? Expect A Multi Year Strong Downtrend
In the past 24 hours, EUR/USD has once again fallen around 100 pips. EUR/USD downtrend started in June and since then it has fallen around 1000 pips. The important question is how low can EUR/USD go? Market analysts are saying the EUR/USD can hit 1.1000 level in the next 12 months. “The euro is vulnerable… Continue reading How Low Can EUR/USD Go? Expect A Multi Year Strong Downtrend