s3.amazonaws.com/tradingview/snapshots/h/hwgXpJHG.png
Following the 80 pip drop after NFP release Friday, EU's expected to keep dropping. According to support/resistance levels and where EU is at currently on Stoch RSI on the daily chart, we should get a decent bounce up from 1.15. Currently EU is oversold on all four hourly charts(1hr,2hr,3hr&4hr) so we're likely to see a small retracement before continuing the move down come Monday morning
Following the 80 pip drop after NFP release Friday, EU's expected to keep dropping. According to support/resistance levels and where EU is at currently on Stoch RSI on the daily chart, we should get a decent bounce up from 1.15. Currently EU is oversold on all four hourly charts(1hr,2hr,3hr&4hr) so we're likely to see a small retracement before continuing the move down come Monday morning
Nota
s3.amazonaws.com/tradingview/snapshots/u/uX1kYe6h.pngWe could be looking at something like this
Nota
s3.amazonaws.com/tradingview/snapshots/e/EPa2eJj0.pngMonthly chart shows EU to be in a downtrend since the start of this 2018
but has now reached oversold now. Given the timeframes presented above
we're looking at the end of the EU downtrend of 18'
Nota
s3.amazonaws.com/tradingview/snapshots/n/nyGRMT5f.pngBullish divergence(continuation) is possible and we could very well see a general move going north ending USD strength after 9 months of Euro weakness.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.