EURUSD Long term Outlook

For More Daily Detailed Analysis, Go ahead and click on the follow button. Also please do ask any Questions should you have them,

Alike to various other pairs we have seen a decline in the EURUSD on USD strength. This has driven the asset class down to Comfortable Support for longs.

On the EURUSD Long term Timeframes we can see a clear decline in price and a downtrend channel. We are now looking long as we reach previous support areas and move further off our Key Moving Averages. Our STOCH oscillator is also Very low giving us further long Bias.

Remember this a LONG term trade on the Monthly chart. we are not looking for overnight gains.

Use the Eclipse symbol area for an exit.