EURUSD DownTrend Doesnt Seem Over
EURUSD clearly in a downtrend since ~April '18 that doesn't seem to be nearing exhaustion yet (Good volume)
Sitting on a bullish OB as well as on support of a desc. triangle, therefore could see a slight short-term relief
pump here to ~(1.425 - 1.5), before a significant decision is made
StochRSI sitting in NoMan'sLand & RSI at ~36, signaling additional long/mid-term sell off to be seen.
If we break support, next bullish OB is just under 1.1 (~ -3%)
Not sure how to interpret fib here, but if this is the bottom, .618 fib sits at .12 (A 6.7% gain)
Sitting on a bullish OB as well as on support of a desc. triangle, therefore could see a slight short-term relief
pump here to ~(1.425 - 1.5), before a significant decision is made
StochRSI sitting in NoMan'sLand & RSI at ~36, signaling additional long/mid-term sell off to be seen.
If we break support, next bullish OB is just under 1.1 (~ -3%)
Not sure how to interpret fib here, but if this is the bottom, .618 fib sits at .12 (A 6.7% gain)
Penafian
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