FX:EURUSD   Euro/U.S. Dollar
75 0 2
Bullish engulfing close on monthly above 1.12100 key mid level between 1.07500 and 1.16700.
RSI is in oversold territory indicating bottom of downtrend.
MA cross on Daily whilst acting as support and resistance on Weekly time frame and as we have closed below 88.6 fib we can see significant drops lower before a big rally up.

Mid Term bullish , but short term, bearish .
Assuming people wish to profit take and if fundamentals drive market lower, in particular Greece's payment to IMF on 6th and 12th of May 2015.

The revised figure of NFP makes the dollar more attractive too.

This is due to be a very interesting week, hopefully the market validates this trade, this is just a possible scenario.

United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out