EURUSD Will Go Lower! Sell!

5 févr.

Take a look at our analysis for EURUSD.

Time Frame: 15m
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is trading around a solid horizontal structure 1.041.

The above observations make me that the market will inevitably achieve 1.038 level.

P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.

Like and subscribe and comment my ideas if you enjoy them!

7 févr.

Trade fermée: cible de profit atteinte

That was an excellent trade and the target was reached too!