Most traders will agree that there are few things more enjoyable than riding a steady up trend all the way to the top. Unfortunately, as the old adage goes, “all good things must come to an end”. This is particularly true in trading which is why it is essential to understand when a move to the downside
Trend lines are lines drawn on the historical price levels that predict general direction of where the marking is heading and provide indication of support/resistance. Drawing trend lines is a highly subjective matter. The best test of whether a trend line is a valid one is usually whether it looks like a good line. In an
EUR/USD: September 13 and 14 – Key Days of the Week ● For the eighth consecutive week, the U.S. Dollar Index (DXY) is rising, while EUR/USD is declining. The currency pair has retreated to levels last seen three months ago, settling in the 1.0700 zone. It was only the dollar bulls starting to lock in
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