FX.co ★ Trader's Diary 13.11. What are the reasons for Euro-optimism

EUR/USD Weekly Chart.

Today I heard from a very experienced trader that "There are too many Euro-optimists in the market", in the sense of supporters of Euro growth.

Why not sell the Euro?

Try to look at the weekly chart above, what do you see?

There's a growth of the Euro from the bottom of about 1.0650 to 1.1900 and then a pullback and a strong bottom at 1.1600.

Conclusion:

Until the Euro goes down at 1.1600, buyers will not fall behind it.