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Technical Look at the Euro

We very rarely focus on forex, but we wanted to post up MarketClub's latest technical look at the euro given that we've previously mentioned how hedge funds were massively short. Adam pulls up the EURUSD chart and notes the obvious downtrend where the euro has been getting hammered and the US dollar rising. Pulling up their trade triangle indicators in the video, they can quickly identify trends. Currently, they see that the daily, weekly, and monthly are all negative. Their indicators have had a 63.63 winning percentage in the euro over the last 8 years so they've definitely been profitable signals. Their triangle technology caught the latest downward move and we'll have to wait and see when they receive their next signal. Again, we don't cover forex on the site but for those of you interested we thought we'd direct you to MarketClub's technical look at the euro utilizing their signals.