EURUSD going higher and higher but still strong reversal risk
EURUSD overcame all bearish divergence and after all the strong bullish moves it's good to look at 1,13
But just like the days before, strong reversals may occur. Technically we see strong bearish signs.
But just like the days before, strong reversals may occur. Technically we see strong bearish signs.
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I could say, I go short now but then the risk is that it will never hit my TP. Based on this oversold RSi and the strong upside move from last day it tells me that RSI will probably weaken but that does not mean that the market will fall with the RSI. It will make divergence before falling then push to new highs.
Comment:
I could aslo say to go long, but then I get a very bad risk reward ration because it can close the gap when it fall. Conclusion this is absolutely not a good place to enter.
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