xosignals

#EURUSD, Is it time to sell?

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
After an increase of 290 pips is it time to sell?
According to the Stochastic the answer is definitely yes, the 2 lines intersect at the top bar.
Despite all the upturns of the eurusd the trend is still bearish.
You can see that the previous 4 times that the eurusd approached the average line moving 200 (the yellow line) it caused the declines!
Target: 1.1030
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