First of all EURUSD in down trend. so i prefer to sell. but there is another thing means EURUSD in over sold situation and its already crossed the bottom bollinger band which is a price reversal for uptrend. But still you can get few pips selling of EURUSD in current trend. You can see the RSI which reversal from 41.05 level (orange horizontal line) and we...
** Only for short term perspective. Can be invalidated by news driven volatility. ** Pattern: Channel pressure points on 1D. Signal: Bullish after a Lower High bounce. Target: 1.13080 and 1.12340. Traders who want to follow a safer approach my medium term view remains bearish and the short target below (1.1130) is still valid:
Pattern: Channel Down on 1D. Signal: Bullish after a Lower Low was priced last week. Target: TP1 1.12900, TP2 1.13700.
Pattern: Channel Down on 1D. Signal: Bearish since the pattern made a Lower High. Target: 1.13370 (short-term), 1.12690 (medium-term).
Trade with >70% probability: SELL SHORT @1,1450 ;stoploss 1,1488