Long Term view of EURUSD pairs is still on strong uptrend
Few facts that underlying this view are::
So, until conditions change, I am still Bullish for EURUSD.
Few facts that underlying this view are::
- EURUSD keeps making Higher High and Higher Low.
- 200 periods EMA also clearly respected. As we can see price bounce up fast after touching it from above several times.
- Recent break of 1.37111 (year high) on 22 october 2013 indicate strong bull move.
- 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.
- Current Price Action indicate that EURUSD try to take out the new yearly high.
So, until conditions change, I am still Bullish for EURUSD.