Trading news

EUR.USD – is the great downtrend over?

Weekly chart:

The big picture is in a mature downtrend. This current correction is the seventh, and the current increase touched the point three at €1.15344 for a second time. We do not have a close yet but if we get a close, the large downtrend will break and the EURO will have a chance to create a new uptrend.


Daily chart:

What we were expecting in the weekly chart is what happened in the daily chart. Here we see a young uptrend that is very far into the movement. Yesterday we saw a classic reversal bar, and this could signalize the beginning of the correction of this uptrend. The correction zone starts at €1.1376 and goes down to €1.0821. Yes, I know – it is a very large zone, but this means that the EURO has a chance to calmly create a long-term uptrend.

Hourly chart:

In this trend size, we can already see a corrective downtrend. The price has already entered the red correction zone, and is giving some signals that the trend will be able to continue. I am short in this pair; my entry signal was the last reversal bar. We will see how far the trend runs.


I hope you will remain favorably disposed towards me and always remember: the journey is the reward!

All the best

Markus Gabel

Trader asset management

AgenaTrader Trading Software

IMPORTANT NOTE: Exchange transactions are associated with significant risks. Those who trade on the financial and commodity markets must familiarize themselves with these risks. Possible analyses, techniques and methods presented here are not an invitation to trade on the financial and commodity markets. They serve only for illustration, further education, and information purposes, and do not constitute investment advice or personal recommendations in any way. They are intended only to facilitate the customer's investment decision, and do not replace the advice of an investor or specific investment advice. The customer trades completely at his or her own risk. Please refer to the current version of the Terms and Conditions.

Sunday, 08 May, 2016 / 8:15

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


Increased risk appetite weakens the U.S. Dollar, boosts stocks

The economic figures published yesterday in the U.S. are another factor [...]

Posted on Friday, 16 Apr, 2021 / 11:21 under

Yields plunge, defy logic, after blowout data, but dollar steadies

  US economy firing on all cylinders as data keeps getting [...]

Posted on Friday, 16 Apr, 2021 / 9:42 under

ING believes EUR/USD will break 1.20, and you?

What is moving the markets these days? What are the main drivers of currency [...]

Posted on Thursday, 15 Apr, 2021 / 1:24 under