Ahead of Germany GDP outlook, it can be seen that EUR stabilized around the 1.08500 region. Could be a good entry point for long as GDP outlook is bullish otherwise look for breakout indication on blue line for entry
RSI also shown divergence during the last near term bear price action.
Bulls are gaining momentum as shown in the MFI.
Next resistance area is 1.09300.
RSI also shown divergence during the last near term bear price action.
Bulls are gaining momentum as shown in the MFI.
Next resistance area is 1.09300.
Trade active:
opened position just above the break! GL everyone!
Comment:
Additional bull drive - US Consumer spending missed consensus may help drive this price higher, dont miss it!