EURUSD 4H
The EURUSD is trading below the lower channel line and has completed a 5 wave down move, there is also RSI divergence on the 4hr. At 1.3365 a false break was observed as prices return to close above this price level on high volume signalling the potential end of the down move.
Expecting the EURUSD to rally to around 1.3484 to 1.3515 however if prices manage to penetrate 1.3365 again prices may go as low as 1.3315.
No comments:
Post a Comment