FX:EURUSD   Euro / Dollar Américain
We've seen the completion of a rough bullish bat obviously reversing the trend towards the upside. Similarly, the 50 MA shows a crossing on the price chart almost guaranteeing the possibility of profit. However, the RSI shows overbought, because of this combination of indicators I would expect that the price is most likely going to rise then range around the .382 and the .5 levels of the fib that are almost identical to the resistance levels of the past. It won't be a massive push towards the upside but enough to catch some pips. Enter once the price rallies against the trendline, confirming it's strength. Exit around the .5 and .382 as we'll most likely see a continuation of the overall downtrend.
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