Why
analysts are bearish about euro/usd but I don't !
Most technical analysts see the downward trend of the euro on
charts with different time frames, and also there are the fans of Fibonacci,
they see it as the greatest mystery of the universe and markets prices as well.
For this we will reveal the methods of these analysts by showing
the charts which is the best way to express their analysis:
But however I agree with them about the fact of the downtrend in
euro and the genius Fibonacci lines, but these are not my preferred methods to
gain and make profits from the financial markets in General.
I preferred to discover the bottoms and peaks, whether within
the bearish downtrend trend or within the uptrend and determine the move which
is a part of the trend through the overbought-oversold indicators.
In summary I am waiting the beginning of a potential weekly
upward move to buy euro.
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