EURUSD DownTrend Doesnt Seem Over
EURUSD clearly in a downtrend since ~April '18 that doesn't seem to be nearing exhaustion yet (Good volume)
Sitting on a bullish OB as well as on support of a desc. triangle, therefore could see a slight short-term relief
pump here to ~(1.425 - 1.5), before a significant decision is made
StochRSI sitting in NoMan'sLand & RSI at ~36, signaling additional long/mid-term sell off to be seen.
If we break support, next bullish OB is just under 1.1 (~ -3%)
Not sure how to interpret fib here, but if this is the bottom, .618 fib sits at .12 (A 6.7% gain)
Sitting on a bullish OB as well as on support of a desc. triangle, therefore could see a slight short-term relief
pump here to ~(1.425 - 1.5), before a significant decision is made
StochRSI sitting in NoMan'sLand & RSI at ~36, signaling additional long/mid-term sell off to be seen.
If we break support, next bullish OB is just under 1.1 (~ -3%)
Not sure how to interpret fib here, but if this is the bottom, .618 fib sits at .12 (A 6.7% gain)
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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.