EURUSD - Strong Support Position LONG POSITION - Long term
In the monthly chart we can see from the last three lower shadow that it is giving out a signal that the there is a strong support level in this area of not going further down trend
1.14700 is a strong support level from what we can see from the K line, and if positions near here got breakthrough, a further long position should not be continued.
If the trend is able to hold anywhere near 1.14700 or above, it is most possibly to continue with a long position order to make a position with upward trend.
As we can see from the long lower shadow, we can see that 1.19200 will be quite a safe position for the upward trend to lead to and have it take profit, this is only if the support level at the bottom does not breakthrough.
1.14700 is a strong support level from what we can see from the K line, and if positions near here got breakthrough, a further long position should not be continued.
If the trend is able to hold anywhere near 1.14700 or above, it is most possibly to continue with a long position order to make a position with upward trend.
As we can see from the long lower shadow, we can see that 1.19200 will be quite a safe position for the upward trend to lead to and have it take profit, this is only if the support level at the bottom does not breakthrough.