JohnLaw
Short

Stumbling the EURUSD legs by the hour

FX:EURUSD   Euro Fx/U.S. Dollar
Let's forget about all the fancy stuff. Let's Keep it Simple and Stupid, let's KISS the EUR goodbye for now? :)

-price is meeting resistance (horizontal & downward sloping trendline)
-the former negative divergence worked out
-RSI has now turned oversold (= a negative)
-but the current upswing is not getting the RSI into overbought level again.
At least so far. That is a NEGATIVE.

Aslo, Weekly, daily & 4 hour are in downtrend.
So - you would want to add LONG here?
No way. It's a good point to add to shorts IMHO. Support won't just give way, easily either (1.1050) , but shorts are the way to go nontheless.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out