orvilleawright
Long

BEARISH EURUSD 1H: Price consolidating at previous weekly low

FX_IDC:EURUSD   EURO / US DOLLAR
Nov 12 2015: BEARISH EURUSD             1H: Price consolidating at previous weekly low

(Analysis Based on 1 hour chart)

Observations
1. Long term down channel
2 Possible bullish head and shoulder pattern
3. Regular bullish RSI divergence
4. RSI oversold
5. Price consolidating

NOTE: Wait for price action to confirm the importance of these levels.

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