After the last jump and with the opening this Sunday the price of EURUSD broke above the 0.235 Fibonacci level which at the same time broke average of 62 periods because as I mentioned this moving average usually the price bounces at that point but when the price breaks could go to the next moving average.
as we see now in 4 hours the price formed a divergence which has been respected for the price to take the upside and that could give us to understand is that the price could continue the bullish continuation to the average of 200.
in the coming hours will be seen more expensive if the buy position is feasible if the price continues or if it retakes you challenge and bearish but ... this is difficult as we see the price is taking greater force both oscillators MACD and RSI the price takes strength to rise and this may indicate we can at this point be a small setback but serve to take the position to purchase good area to go to their next resistances or target levels fibo
I hope to discuss greetings to all and have a good week of trading a hug to all !!!
as we see now in 4 hours the price formed a divergence which has been respected for the price to take the upside and that could give us to understand is that the price could continue the bullish continuation to the average of 200.
in the coming hours will be seen more expensive if the buy position is feasible if the price continues or if it retakes you challenge and bearish but ... this is difficult as we see the price is taking greater force both oscillators MACD and RSI the price takes strength to rise and this may indicate we can at this point be a small setback but serve to take the position to purchase good area to go to their next resistances or target levels fibo
I hope to discuss greetings to all and have a good week of trading a hug to all !!!
Comment:
the first target is done the pice go to the second target