The euro/usd pair was trading to the downward for the past couple of months.
As off now from a technical perspective this pair have unfolded a 5 waves movement
and is ready to start trading higher.
If price still manages to create a new low around 1.08 and RSI is still printing a bullish divergence
then it will give a chance to see a nice reversal to the upside targeting at least wave 4
of the previous cycle.
As off now from a technical perspective this pair have unfolded a 5 waves movement
and is ready to start trading higher.
If price still manages to create a new low around 1.08 and RSI is still printing a bullish divergence
then it will give a chance to see a nice reversal to the upside targeting at least wave 4
of the previous cycle.
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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.
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.