EUR/USD At A Potentially Important Point

First blog post of the day here for me, so let me make it a quick one.

See the chart below…the EUR/USD is at a three year downtrend line (resistance?).   I have no bias as to the next price move  here but that is not the point anyway…I am much more interested in looking for clues about the overall equity and hard metals market.  

By the way, the Euro broke higher out of a similar albeit much shorter-term downtrend line against the Swiss Franc recently.  Is it about to do the same against the greenback?  Dunno, but I surely will watch this closely.

Watch More:

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Serge’s Daily Trading Tips

Subscribe now and get clear, actionable, and relevant trade ideas!

By giving your contact info you agree to receive future emails from The Steady Trader including educational and promotional content. By providing your mobile phone number and clicking on the above “Subscribe” button, you agree to receive automated promotional messages from us via SMS. By opting into our SMS Program, you agree to our Terms and Conditions and Privacy Policy.