EURUSD - Long Retracement - Reversal
Updated
From our analysis at last the EUR has found a point and slammed the brakes on hard. The Stoch.OSC and RSI are both almost flat lining on the bottom and screaming to go long Bullish. We don't anticipate a full climb back up but to the top of the above trend channel
Trade closed: target reached
BOOM! Market Price literally rode along our Bullish arrow!On the 4h & especially Daily the market had been TOO FAR from the 3 MAs for too long, even the weaker green MA. Stoch.OSch & RSI indicator had flat lined for approx a week..all indicating a massive and rapid Bullish retracement required
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