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aibek
Feb 24, 2015 5:21 PM

EURUSD possible Morning star reversal candlestick pattern 

Euro Fx/U.S. DollarFXCM

Description

RSI is extremely oversold on MONTHLY.
January couldn't close below 61.8% Fibonacci.
Once Feb will close around 1.13 we can see possible reverse up as it will be ideal morning star with Doji.
But nonetheless the trend is still bearish.
Move up can only indicate correction (maybe to relax RSI)
Watch 1.12/1.21 as medium term range.

Intelligent trades!
Comments
selfrighteousgambler
Nice. Possible move from here to 1.36
aibek
Thank you. All is possible in longer term once range is broken.
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