erikoliv
Long

Bearish trend untill end of 2016

FX:EURUSD   Euro / U.S. Dollar
FX:EURUSD            

Downward trend and continuity in the fall by the end of 2016. I watched overbought below 20% in the RSI allowing a short climb, but we have a strong signal drop in the 100periods EMA with no room for reversal until the end of 2016 in a timeframe of 1 week. I'm not a professional, I am still learning and would be grateful to receive beedback on the analysis.



Comment: The market followed my expectations. I'm just beginning my studies, but I'm glad to have hit the price movement. As we can see on the weekly chart we have 2 candlesticks following the bullish trend starting in 1.087 to the current position of 1.105. A pity that I had no patience to maintain this position.
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