EURUSD - Pullback expected then down move expected
Still expecting more downside in EURUSD to 1.085 area. However, we might see a bullish run to 1.1120 area before facing another leg down to 1.085.
As you can see, we have a bullish divergence between price and RSI . Price is making a lower low while RSI made a higher low.
Short term - Bullish
Long Term - Bearish
As you can see, we have a bullish divergence between price and RSI . Price is making a lower low while RSI made a higher low.
Short term - Bullish
Long Term - Bearish
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.