Currency traders mostly are technical analysts or what you call chartists. They look at the charts and try to fathom what is going to happen in the near and the medium term. We are also chartists. We only trade what the charts are saying. But when it comes to fathoming what the central banks are… Continue reading Currency Traders Look At This Chart That Really Matters
Tag: eur/usd
Why EUR/USD Will Fall Down More?
EUR/USD is in a very very strong downtrend that started in June last year. Since then EUR/USD has fallen more than 3000 pips. It’s been a one-way euro trip lower. The common currency has fallen every day this week, and is now near the lowest levels in 12 years. Now, currency traders are keenly watching… Continue reading Why EUR/USD Will Fall Down More?