Long EUR/USD for short-term correction/reversal
Euro is oversold across most pairs.
GBP is also oversold.
US Dollar index looks like it might top out at previous high soon.
RSI is facing downwards, which is why I set-up buy orders around 1.1550, 1.15650, 1.15750.
I think EUR can go down a little more, to the previous bottom around 1.15500, before correction/reversal.
I'm in the trade at 1.15900, hoping to buy up more as it goes lower and bottoms out.
Target around 1.17200, feel free to take profit before that.
GBP is also oversold.
US Dollar index looks like it might top out at previous high soon.
RSI is facing downwards, which is why I set-up buy orders around 1.1550, 1.15650, 1.15750.
I think EUR can go down a little more, to the previous bottom around 1.15500, before correction/reversal.
I'm in the trade at 1.15900, hoping to buy up more as it goes lower and bottoms out.
Target around 1.17200, feel free to take profit before that.
Order cancelled:
Looks like EUR has more downside.
Most likely will touch the 0.5 fib retracement, around 1.1440.
I'm out of this trade early.
New Setup:
BUY around: 1.1440
Target: 1.1700
Most likely will touch the 0.5 fib retracement, around 1.1440.
I'm out of this trade early.
New Setup:
BUY around: 1.1440
Target: 1.1700