When Will the Euro Uptrend, Turn?

It is hard to fight a strong trend like the Eur/Usd is currently on but the market will give clues when the trend is likely to reverse.
I want to show you some of those with the current Eur/Usd move. I am not saying we are there yet but maybe we can be ready for when it does reverse.

The first thing I want to point out is that in an up trend we have higher highs and lower lows. Let me show you what I mean with a chart.

You see each of the highs is higher and each of the lows is also higher. This is wise to buy on all pull backs when the price is testing the higher lows as this will give a great level of support.

Trend Change

However when the current low gets tested and broken then that is a signal that the trend could be changing. It is always good to trade with a trend but it is important to watch the lows so that you don’t get surprised by a sudden reversal.

I have linked to a post that teaches a reversal chart pattern that can help you identify reversals as well.

I also found a post that shares a possible scenario in the Eur/Usd

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Casey Stubbs is the founder of Winners Edge Trading, which is one of the most widely read forex sites on the web. Winners Edge Trading has trained thousands of people to trade the Forex markets.

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  • Anonymous

    Let´s get a better than expected GDP and ride it down! 🙂

  • Annotated in the chart, lately EUR has been making only marginally higher highs.

    Up in the daily chart, 1.3750 is a clear S/R, which current price is finding a hard time penetrating. Possible rejection to 1.3448, or possible breakout which indicate bullish continuation. If bull trend continues, pullback to 1.3750 sets up a probably long entry.

    Will let price tell us what the market want to do next.