nmike
Short

EURO / US Counter trend rally from oversold conditions.

FX:EURUSD   Euro Fx/U.S. Dollar
464 7 2
The RSI (7) works well at spotting overbought / oversold conditions.The major down channel is still intact and price below the 20 week MA.
Nice divergence call. I'd like to see EUR breaking through the resist. trendline and the 2700 resistance before changing my preferrals for buying
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nmike MOD rodrigosmarts
I agree
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I agree, but also I see a inverse shoulder head shoulder with aprox 250 pips bullish, let see!
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you mean a double botton?
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Angel rodrigosmarts
in the mean time, there are some longs. on the other hand, i agree that eurusd can be bearish.
snapshot
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huh... head and shoulders pattern?!? neckline is broken!!
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