Is it the right time to buy EURUSD?
As per the support & resistance trendline, EURUSD is moving slightly upside.
The last candle is running at the control price. Its a pullback here. Now pay attention to the support trendline B. If it breaks down, there will be a fall up to the support trendline A.
It means it's a boom.
As I explained, It may fall for 1.18260-1.18000 levels below.
But it shows the breakout of control price and which indicates the uptrend. According to the Stoch RSI, EURUSD will not be in a downtrend.
By this, It concludes that T1 and T2 are the initiates of buying positions.
The last candle is running at the control price. Its a pullback here. Now pay attention to the support trendline B. If it breaks down, there will be a fall up to the support trendline A.
It means it's a boom.
As I explained, It may fall for 1.18260-1.18000 levels below.
But it shows the breakout of control price and which indicates the uptrend. According to the Stoch RSI, EURUSD will not be in a downtrend.
By this, It concludes that T1 and T2 are the initiates of buying positions.
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Disclaimer
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