IS EURo ON ITS WAY TO RECOVERY?
Studying the Eur/Usd, despite the turmoil happening in europe this instrument is showing signs of recovery.
Falling wedge pattern which is a sign of a bullish reversal, this pair is currently testing and showing sign of reversal as a Doji candlestick appears on the monthly timeframe.
The Stochastic is currently oversold and is signaling a Bullish takeover, anyways we still have 9 days till the candlestick closes.
IF it closes as a Doji, it proves the Bulls are currently fighting to put price a bit higher and there might be a chance of a new trend.
What do you think? Please do write it in the comment section below.
Follow and like for more ideas, Thanks.
Falling wedge pattern which is a sign of a bullish reversal, this pair is currently testing and showing sign of reversal as a Doji candlestick appears on the monthly timeframe.
The Stochastic is currently oversold and is signaling a Bullish takeover, anyways we still have 9 days till the candlestick closes.
IF it closes as a Doji, it proves the Bulls are currently fighting to put price a bit higher and there might be a chance of a new trend.
What do you think? Please do write it in the comment section below.
Follow and like for more ideas, Thanks.
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