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Krecioch
Apr 14, 2019 9:36 PM

EUR/USD: Pull back to support before Long 

Euro Fx/U.S. DollarFXCM

Description

While RSI is in an uptrend, price hit pressure around 1.13225 in line with long-term Bearish trend..
I think we're looking at a shortened week ahead with most markets closed on Good Friday..before we break that long-term bear trend at of the month.

*We finished the week above all Moving Averages, suggesting that buying interest is still strong...going to wait and watch until the market confirms its next move.

Would love to hear your thoughts,

-Krecioch
Comments
LevRidge
no pull back.. it's about to go parabolic..
Krecioch
@LevRidge, I agree -- it is about to; but the slight pullback I'm seeing should fit right in the bounds of the Parabola
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