Is "The Great Bottom" near?
Call me stubborn, but I still believe prices must bottom soon. This hourly chart shows how prices fell yesterday, on bad news from America, then recovered promptly during the next hour. Fell again, recovered again. And are heading up now. Too early to jump in a trade, of course, but well... something to think about anyway.
A break of 1.35 will be taken as the first confirmation of an emerging uptrend. We'll see how todays NFP plays out. Stoch RSI's overbought condition warns about further consolidation ahead, which makes sense.
A break of 1.35 will be taken as the first confirmation of an emerging uptrend. We'll see how todays NFP plays out. Stoch RSI's overbought condition warns about further consolidation ahead, which makes sense.
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