EUR/USD: the Trump narrativeHi Guys,
the idea is that 1.03317 proved to be a strong supportive area where a triple bottom in divergence with RSI was formed. This prompted a pullback into descending trendline (1).
The cause of the pullback? US PRESIDENT TRUMP on Nov.7, 2016.
The pullback took 14 months to reach its top and it has been going down since.
Please Click & Play the following chart to see how price unfolded within the structure posted on March 9, 2019.
With forthcoming US Presidential Election scheduled on Nov.3, 2020 (vertical line) what do you think is going to happen?
Please add your comments and if you have any questions please do not hesitate to ask.
Thank you for your support and for sharing your ideas.
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
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