It looks like we could see a potential bullish move off the 1.24321(approx) level.
My reasoning for this is based on the current trend of higher highs and higher lows. You can see the support levels are pretty much at the same levels as the fib retracement of the latest big downtrend. The other things I like about this setup is being right of the lower Bband...
A quick overnight short using Bollinger Band as a support, I took a quick overnight short position on the EUR/USD 0.02% -0.03% . The idea for the trade was to look for a bearish candlestick pattern forming at the top band after a reasonably large spike. This happened at 6/6:15 UTC+1 with a Doji forming at the top of the band, in addition to this the Stochastic was...
