EUR/USD - short term swing trade before next bigger up wave
market is within strong up trend after Mr. Trumps speach from last week in reference to 10 % punitive tariffs against china. US stocks and Dollar has lost big value and I expect first a small correction / Dollar strenght before another bigger up wave for EUR/USD pair
-RSI is in heavy overbought area on 1H chart - expect sellers coming into the market within short term
-MACD is in heavy overbought area and near bearish crossing - expect sellers coming into the market within short term
Good luck and a good week to all
-RSI is in heavy overbought area on 1H chart - expect sellers coming into the market within short term
-MACD is in heavy overbought area and near bearish crossing - expect sellers coming into the market within short term
Good luck and a good week to all
Order cancelled:
no resistance area has been build - trade cancelled
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
