EUR/USD - heavy over bought - wait for confirmation
Updated
Euro is after FED meeting yesterday heavy overbought and waiting for correction but indicators (RSI and MACD) have still a little bit space to grow. I expect first price dumps in area from 1,148 to 1,149 - here I will open a short position. If we receive sell confirmation on 1 hour chart I will also open a short position to trade the correction.
Target 1,137-1,1385
Stop loss above 1,15
Target 1,137-1,1385
Stop loss above 1,15
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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.