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Huge Euro Dollar Trade In Play | EUR/USD Forecast

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If you are interested in the trading set up of the year you may want to take notice of what is happing on the EUR/USD chart at the moment. Go back and review our last few weekly update videos for this pair. We called the bounce up to these highs and now they have hit our weekly resistance zone. This is where the battle will be staged between the long term bears and the bulls who have been riding this latest wave of covering. There are multiple times frames all pointing to some very important levels and you can expect this week to be action packed on the EUR/USD.

Watch for a break down of the short term bullish trend and if stops can get hit (smart bulls will be trailing stops very close to the support zone breakdown) then this move could get started very quickly.

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Disclosure: No Positions