Considering what we had in mind for eurusd and following the first try eurusd long we had from friday and getting stopped the 4hr candlestick formation is suggesting a reversal and we for the 2nd and last time to suggest to buy eur from the 1.0630-1.0640 area.
AL parecer sufrio rechazoss de la tendencia alcista , pareciera ser que existen dos patrones armonicos formados, y el RSI en sobrecompra, las entradas bajistas estarian validas solo si el precio consolida por debajo de los 1.13 y con una rotura a la baja del RSI acompanado de algun patron candlestick ....
The reason why we feel EURUSD may Rise.
* On weekly basis it has just started moving up
* Bullish Engulfing in weekly Chart .
* To Rise and come near 1.1286 levels
* Stoch RSI (3,3,14,Close) is Rising.
* RSI (14,CLOSE) is Rising.
* CCI (20,CLOSE) is Sinking..
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our Buy...
We are expecting EURUSD to RISE
* CCI is rising
* RSI is rising
* STOCH RSI is rising
We suggest buy above: 1.1008 SL: 1.0987 TGT 01: 1.1058 TGT 02: 1.1081 TGT 03: 1.1151 Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
EURUSD is expected to sink now.
There are many reason why we feel it may sink.
* Bearish Engulfing in daily Chart .
* To sink and come near 1.0884 levels
* Stoch RSI (3,3,14,Close) clearly states it may sink.
* RSI (14,CLOSE) Is also of the same view.
* CCI (20,CLOSE) Is also sinking.
Keeping all the above indicators in view along with the chart pattern...
