Long Term view of EURUSD pairs is still on strong uptrend

Few facts that underlying this view are::
  1. EURUSD keeps making Higher High and Higher Low.
  2. 200 periods EMA also clearly respected. As we can see price bounce up fast after touching it from above several times.
  3. Recent break of 1.37111 (year high) on 22 october 2013 indicate strong bull move.
  4. Shortly after make new yearly high, EURUSD strongly pulled back, stopped and turn back up again at exactly 50% fib of the recent swing up.
  5. Current Price Action indicate that EURUSD try to take out the new yearly high.

So, until conditions change, I am still Bullish for EURUSD.



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