Some time ago I released a post about a potential investment setup in the EUR/USD on my Facebook site, you can find the setup below:
As you can clearly see in the chart, we are at a 10year+ low of the EUR/USD FX-pair which is shown in the ETF FXE. The FX level would be around the mark of 1,06.
See below the long-term chart of the EUR/USD with the mentioned resistance zone:
Picture courtesy: Facebooktrader/ René Rodriguez
As this setup has a lot of upside potential with a target of 1,12 – 1,15 this is a very good investment opportunity.
This trade could be done with the following products:
- direct FX investment long EUR/USD
- ETF – URR
- ETF – FXE