Monthly EUR/USD chart shows that crossing EMA12 and SMA12 shows the upcoming direction. If we follow this logic we can expect a new downward movement by EUR/USD.
Statistics for the last 21 years:
Statistics show that January is the most frequent loosing month and the biggest net growth by the pair happens during December.
If we look it statistically January will be most appropriate to enter with short positions after every correction, and following the table and the diagram we can configure a year plan when it is profitable to go for long and short positions in 2017.
Jr. Trader Nikolay Georgiev
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