EURUSD- 15Nov2021
On the weekly timeframe, EURUSD close below 200MA last week. We could expect a short term bounce before it continue to drop further to H&S target at 1.11700
On the H4 timeframe, price is oversold and due for a short term bounce to 1st Resistance at 1.14915. Stochastic is also at support level where previous bounces occurred.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly timeframe, EURUSD close below 200MA last week. We could expect a short term bounce before it continue to drop further to H&S target at 1.11700
On the H4 timeframe, price is oversold and due for a short term bounce to 1st Resistance at 1.14915. Stochastic is also at support level where previous bounces occurred.
This is for personal record purposes only, not financial advise or solicitation of trade.