Today we take a look at the EURUSD pair. Unlike my previous post (eurodollar), this is a short term bearish stance (4hr)
Justification:
Rejected from resistance
RSI nearing overbought status
MACD ready to correct
Bounced off top of Bollinger Band
This may also play out to be a good long term short for many of the same reasons
Justification:
RSI nearing overbought status
MACD already correcting
Bounced off top of Bollinger Band
Watching closely to enter a position
IKS
Justification:
Rejected from resistance
RSI nearing overbought status
MACD ready to correct
Bounced off top of Bollinger Band
This may also play out to be a good long term short for many of the same reasons
Justification:
RSI nearing overbought status
MACD already correcting
Bounced off top of Bollinger Band
Watching closely to enter a position
IKS
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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.
Related publications
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.