EURUSD LONG

9 Kas 2019

Rough bat pattern formed and its conclusion is reaching a moderately strong resistance level. Similarly, the fib retracement is almost exact on all previous corrections and resistance so it is definitely implying that this could be the end of the downward trend, at least for a large correction. Likewise, RSI is showing oversold on every significant time-frame with some divergences on lower time-frames. For confirmation of the buy wait for the price to break either the trend line or the .236 fib level in which I would expect it to at least reach the .382 a TP level. Beware the price could drop to the next resistance level then begin its correction, unlikely but possible.