Here is my current long term outlook for the Euro.
As you can see price has confluence of channel support with the long term channel going back decades, and shorter term channel dating back to around 2008.
While that does look bullish price is also faced with several upcoming major levels of resistance.
As price clears these levels I will be looking on shorter time frames to enter long. As I still consider this market consolidated I will be standing aside and waiting for further direction to develop.
As you can see price has confluence of channel support with the long term channel going back decades, and shorter term channel dating back to around 2008.
While that does look bullish price is also faced with several upcoming major levels of resistance.
As price clears these levels I will be looking on shorter time frames to enter long. As I still consider this market consolidated I will be standing aside and waiting for further direction to develop.