Hi All, my main 3 take-outs from this analysis are the following:
1- EURUSD is approaching the support area of 1.11 (actually it would be between 1.10 and 1.11) which is historically relevant
2- The cross is also trying to test the descending red long term trendline, which was brocken in August 2020 with volumes
3- The RSI in the weekly chart is in oversold territory and everytime this happened in the past, the price rebounded strongly. We might be very close to this to happen
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
@Saqlen, Sure, with pleasure. any specific cross in particular?
FrancescoMerlettini
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@Saqlen, thanks for commenting! If you like the ideas and the channel, I would really appreciate if you could subscribe. I also just opened a YouTube channel with this same name; hope you can have a look and subscribe to be informed any time a new video is released. Thanks a lot!
please make more videos on forex pairs.