Direction
EMA with Up Down Color Plots an EMA lime green when it's going up and red when it's going down.
2016 Credits to Glenn Dahlen for his generous mentorship.
EURUSD outlook for the next week, waiting for NFPThe next targets could be fibo50%, to 1,120, and the next test of the trendline at 1,129, close to the 0.618 fibo important to understand if this bullish sprint really hiding something more than just a swing upward in a movement facing down...
RSI+ MA seems now near a new attempt for a bullish momentum and direction..
The market movers that await euro-dollar in the coming week could therefore play a crucial role, just as has happened with the US GDP previous week..
Bi-directional Trade IdeaIt seems like we are likely to form a pennant here.
Give it some time before it breaks out / down.
Keep an eye on volume for confirmation.
Meanwhile if you are not patient enough you can try to catch the local tops & bottoms in the pennant, but only in the early stage. Once it gets squeezed further it just becomes unprofitable.
Other annotations on the chart.
Cheerz : ]
