Is The Dollar Losing It's power?
Well if we look at the higher time frame (monthly tf) it's more obvious that EUR/USD is in an up trend and it's monthly pull back is starting to show a increase in buying power. The real question is will the bulls have enough force to drive EUR/USD back to the previous monthly high? I guess we'll have to wait to find out.
TREND ON 4H/DAILY/MONTHLY: UP TREND
CURRENT MONTHLY PHASE: PULL BACK
MY THOUGHTS ON EUR/USD: THE BULLS WILL OVERPOWER BEARS
TREND ON 4H/DAILY/MONTHLY: UP TREND
CURRENT MONTHLY PHASE: PULL BACK
MY THOUGHTS ON EUR/USD: THE BULLS WILL OVERPOWER BEARS
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