Eur/usd broke trendline

The pair has been climbing over trendline since 1.0330$ reaching major resistance at 1.0770$ which was the price before draghi press conference last december.

The pair has broken that trendline and it is expected to test the lower trendline and the 200h moving average both lying at the area between 1.0650-80$

So it is recommended to short the pair at current area 1.0725-1.0745$ targeting above mentioned area.

Wish you all profitable trading

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Usd recovering against the board

The dollar has been regaining some strength since friday noon. Usdjpy has recovered 100 pips from 107.30¥ ...the pair might face some tough resistance at current area, however i think we might be heading towards 110.80¥ soon. Resistance area can be found at 108.40 followed by very tough resistance at 108.80¥. If broken , we will have clear way to break the medium term downtrend andstart building new bullish trend targeting a break above 115¥ in the medium term. I am on the side of that reversal scenario unless we see a decisive break below 106¥ on daily or weekly close.

archer aviation : Achr buy at 3$?

$achr weekly chart Trading at 50 and 100 WMA

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