Looking at the EURUSD there is a couple of things that stand out.
1) We have price stopped at the 61.8 fib level. Tested 3 times
2) at 1.05478 we have a support/ resistance level. price dropped below it but quickly reversed, came back above it and is now currently testing it for support.
3) RSI seems to be making higher lows.
If my calculations are correct, this should be a great buy area with a TP at 1.11250
STOP Loss is at either 1.04900 or 1.04500
1) We have price stopped at the 61.8 fib level. Tested 3 times
2) at 1.05478 we have a support/ resistance level. price dropped below it but quickly reversed, came back above it and is now currently testing it for support.
3) RSI seems to be making higher lows.
If my calculations are correct, this should be a great buy area with a TP at 1.11250
STOP Loss is at either 1.04900 or 1.04500
Comment:
also weekly Rsi is showing higher lows
Trade active
Trade active
Trade closed: target reached
Weeky chart- anytime price has hit the bottom level it almost always goes back up to the top level