Hi Traders, above is the market breakdown of EU. In this analysis, I'll be explaining various reasons why am I looking at some potential Mean Reversion setup on EU.
1. Structural re-test at 1.1370 - 1.14
2. RSI extremely oversold on the Daily chart
3. RSI Divergence indicating possible snapback
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Trade safe and take care.
All the content I've posted are meant for educational purposes, please perform your own research and only take it as a reference.
1. Structural re-test at 1.1370 - 1.14
2. RSI extremely oversold on the Daily chart
3. RSI Divergence indicating possible snapback
If you enjoy the content, make sure you follow my profile and give me a thumbs up for daily fx forecast & educational content.
Trade safe and take care.
All the content I've posted are meant for educational purposes, please perform your own research and only take it as a reference.