Possible Correction

FX:EURUSD   Euro / U.S. Dollar
588 3 2
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RSI: Overbought => Correction
ADX: Trend is getting stronger => good for Buyers
CCI: No Divergence

- EUR/USD             reaching diagonal resistances from his trendlines . In normal cases they are pretty strong. And after such big movement in the days/weeks it will be even stronger so the market can correct! => Short
- The Zone where the Fibonacci Retr. is at 50% + Old Trendline Support + New Trendline Support
This Zone is a perfect place to rebuy when the market goes into a Correction. There it should find extremly good support.

On the other hand, because of this importance of this level, it is also possible to have big moves and even little gaps downside.

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.....nice one
yes! but still uptrend on weekly
AndreyB Nickmail
yeah i actually didn't meant that the uptrend is going to reverse...just little correction and then the uptrend on weekly,daily and hourly can continue :)
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