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TheBulltrader
Apr 2, 2015 3:59 PM

EU Short in overbought RSI Short

Euro Fx/U.S. DollarFXCM

Description

RSI is overbought and looking for a retrace and further decline. For this trade to be valid; The Price at the moment must not break above previous High - 1.09241. The market is teeter-totting between the bulls and the bears and we will find clear decision soon. Shorting looks good as it is going with the monthly trend; Possible making a lower high on the 1H and RSI is overbought.
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