orvilleawright

BEARISH EURUSD DAILY: Price at down channel lows

Long
FX_IDC:EURUSD   Euro / U.S. Dollar
Nov 9 2015: BEARISH EURUSD DAILY: Price at down channel lows
(Analysis Based on Daily charts)

Criteria
1. Long term up channel (now broken)
2. Short term down channel (downside overshoot)
3. RSI oversold
4. Expecting some upside correction

NOTE: Wait for price action to confirm the importance of these levels.

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