The Euro seems to continue its uptrend after a consolidation pattern. I've drawn a steep support trendline after two recent higher bottoms. Long positions in EURUSD give an excellent risk/reward ratio when a stoploss is maintained just under the rising trendline.
Kommentera:
Finished the year @ 1.20 and will head tot first resistance slightly below 1.22 next year. I expect the EURUSD to break that resistance and continue the uptrend after that. In any case, keep the red upward trendline as stoploss for long position in EURUSD.