anyoption
Short

EUR/USD: OVERSOLD - Will continue or reverse?

FX_IDC:EURUSD   Euro / U.S. Dollar
43 0 5
Prices dropping for third consecutive day, close in three months low (1.0800).
• Dow-pattern- higher tops and higher bottoms, (B1-T1-B2-T2).
• Price is currently trading below the valid uptrend line. (sell signal)
Bearish Cross MA10 Under MA20
RSI:
Momentum oscillator become oversold and remain so in a strong down trend. RSI moved from overbought to oversold in the end of October.
Prices are trading below the resistance level (R1) at 1.1100 the 50% Fib retracement level and the SMA200.
Therefore, in case that the pair is trading below the trend line , we will recommend SHORT POSITIONS for the no position holders on EUR/USD             . Take profit at 1.0550-1.0500 (S2). Stop loss should be a bit above the resistance level-R1, thus the stop loss is at 1.1170.
For SHORT-holders we will recommend to HOLD their short positions and adopt the same stop loss and take profit orders as mentioned above.
On the other hand, with a daily close ABOVE the R1- SMA200, we will recommend LONG positions. Take profit at 1.1500-1.1870 (R3-R4). Stop loss should be a bit below the support level- S1, thus the stop loss is at 1.0800.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out