2017-05-07
Daily trend remains Bearish/Down. Recent retracement appears to have resumed down trend. RSI and Stoch are heading towards oversold. Price action still below SMA50.
Price action has hit strong support zone. It may pull back bullish before continuing down or push through and head towards Fib Future D at 1.00041 or close.
Recommend watching price action when RSI/Stoch turn to assess entry point. Potential 120 pips on bearish trend continuation move.
Daily trend remains Bearish/Down. Recent retracement appears to have resumed down trend. RSI and Stoch are heading towards oversold. Price action still below SMA50.
Price action has hit strong support zone. It may pull back bullish before continuing down or push through and head towards Fib Future D at 1.00041 or close.
Recommend watching price action when RSI/Stoch turn to assess entry point. Potential 120 pips on bearish trend continuation move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.