EURUSD thoughts and insights
Updated
EURUSD currently trading in a 50 pip range . We have developed a lower high at the daily open which could lead price lower. Keep an eye out for RSI to give a nice trend line break entry short as we move closer to the US session open.
Previous days low is sitting down at 1.1236. Super Trend has turned red. We will be only looking for shorts until that flips back. Looking for entries over on the 5 min with RSI trendline breaks below the 50 line.
Previous days low is sitting down at 1.1236. Super Trend has turned red. We will be only looking for shorts until that flips back. Looking for entries over on the 5 min with RSI trendline breaks below the 50 line.
Note
Back at the desk after the school run. EURUSD bounced off the weekly open and is now testing the daily open price. Super Trend is still red but flat. I wouldn't be surprised to see a flip in the next hour or so.
Game plan still in place:
Note
15min EURUSD heading back down to test the weekly open again after testing intraday highs . 5min has flipped back to the short side but 15min still long but no trigger for a trade yet on the RSI . Flat is the position at the moment.
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