On EUR/USD 1 D chart, it appears like MAJOR uptrend line (wide light blue) price action just BROKE (orange oval area on chart). All EMA's are above PA, so Bears are in control of pair. Because of the very very slow nature of PA for this pair, I going to find PA areas to make longer TF trades, shorter TF trades do not move much and range a lot here. Either 1 hour, 4 hour or daily PUT trades will be what I will be watching to do, in the month of June. Good Luck!!
RSI noted on bottom have been below 50 since middle of MAY, but has room to continue to go downward, until pair finds its bottom or SUPPORT area. RSI indicator looks like it might be going to do a NOV to DEC 2015 action & just do sideways action for this coming month June. From chart, in my opinion it appears to me that around 1.08544 area (dark blue line) looks like a new support area if pair continues to go down. Trade with Trend for money management.
RSI noted on bottom have been below 50 since middle of MAY, but has room to continue to go downward, until pair finds its bottom or SUPPORT area. RSI indicator looks like it might be going to do a NOV to DEC 2015 action & just do sideways action for this coming month June. From chart, in my opinion it appears to me that around 1.08544 area (dark blue line) looks like a new support area if pair continues to go down. Trade with Trend for money management.