Mr. Ere accurately analyzes an increase of more than 20 pips in EUR/USD from 1.144; line trading and fundamental analysis
Daily report based on line-trade & fundamentals analysis is becoming a popular Investment Navi+.
The secret behind its popularity lies, of course, in the sharpness of the analysis.
Let us take yesterday's EUR/USD analysis as an example.
EUR/USD
It is trading at the upper boundary of an ascending channel.
Even with the dollar index rising, the euro is also rising, and it seems that there is a continued intermittent flow of euro buying.
For now, the key point for tomorrow is whether it can hold at 1.14.
It also looks like a good pullback entry.
Given the current conditions, a long position appears to perform well unless the center of the channel is breached.
As for the trend line,
it will likely be around this line.
Around 4:00 AM on July 20, EUR/USD traced a rising trendline near 1.144, but thereafter, as the analysis predicted, EUR/USD rose to just under 1.147 by more than 20 pips.
The Ere-sama article that recognizes Dow, U.S. rates, etc., and then moves into currency-pair analysis is
the first articleMarket's main players and supporting roles
This analysis follows the thinking described there as underlying market fundamentals.
A must-read for forex traders.
written by Hayakawa
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