EURUSD - Top Down Analysis Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Nov 6, 2022 5:51 PM

I wont' spend too much time explaining my thoughts about this pair. The above chart illustrates in a nutshell my expected predicted projection for EURUSD - around 3rd week price to be around 1.03

Now let's take a closer look at some of my thoughts.

Jumping over to the daily.

Reasons to be long include:

Stochastics Oversold
RSI Above 50
Bullish Channel Breakout
Price Action Above 200 SMA

Lastly the weekly

Solid bullish breakout from bearish channel.

== IN SUMMARY ==
My bias has shifted to bullish.

Comments

Birdgirltrader

⋅ Nov 6, 2022 6:46 PM

Do analysis on gold please