Razvan
Long

EURUSD - Signaling a Rally

FX:EURUSD   Euro Fx/U.S. Dollar
After a serious fall, the price action is now signaling a rally for the European single currency. The Falling Wedge , accompanied by the positive divergence on the 14 RSI , will be confirmed by a breakout above the upper line. My targets will be 1.36 and 1.3630.
thanks for sharning best of luck
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Razvan manijeh.kazemi.33
You are welcome, wish you best :)
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Maybe a different angle of of view ? I see the channel down, RSI divergence and 1,36 as a good resistance .. Bears are still in the game ..! Today, very quiet no news, who knows what the day may bring ...
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Razvan xnedja
I am not expecting for the euro to get back ti 1.37 or higher, this is a short term analysis :)...i am still bearish on medium term.
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xnedja Razvan
Razvan Thanks for sharing. Your analysis are very good for me, give me more self-confidence. Thank you and good luck
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Razvan xnedja
I am happy to hear this. Good luck to you too :)
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Thanks for sharing. would be great if advise on SL areas? Kindly
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Razvan HamedAghajani
The current low, in this situation would be a good stop. 1.3574
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1.3600 was hit, scaled out and waiting for 1.3630.
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I think area 1.3610-1.3615 is a more realistic target on 60 min chart. Anyway, we are in bearish bias on medium term
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Razvan AdrianRotaru
You are right, for the moment it stopped under 3610 :)
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