MicWoodsFX

EURUSD - MOVING AVERAGE AND RSI

FX:EURUSD   Euro / U.S. Dollar
I am expecting to see the price go up to the 1.224 area where the resistance area is showing and it still have a good chance of going up further to 1.24 to meet the resistance level as for now my target will be set for 1.22

Also you can see the candle is showing few rejected wick on the 200 moving average along with RSI back up and support area , If the 200 MA broke and is under the support area , I would close the trade and wait for the next opportunity.

Trade at your own risk, this is my personal view and based on my analysis and theory.

Comments

Gorgeous charts
+2 Reply
MicWoodsFX AlkalineFX
@AlkalineFX Thank you :-)
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