EUR/USD - one more confirmation before 1.13
Updated
market price reached first bigger resistance (trend line and 100 + 200 day moving average) after released weak US industrial performance data from yesterday and have to break this for further price up movement. Otherwise we will see down movement to at least drawn buy area which is good long/buy entry.
-MACD baselines are near bearish crossing which brings buyers into the market
-RSI is near resistance and heavy overbought area
-market price near upper bollinger bands which implements incoming correction movement
- market price reached 100 day moving average on daily which is strong resistance and sell entry
-MACD baselines are near bearish crossing which brings buyers into the market
-RSI is near resistance and heavy overbought area
-market price near upper bollinger bands which implements incoming correction movement
- market price reached 100 day moving average on daily which is strong resistance and sell entry
Note
*MACD bearish baselines crossing brings of course sellers into the market and not buyers, sorry for that writing mistakeNote
take profit almost reached, one more down wave incoming soonTrade 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.
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