EURUSD is still in the oath for 1.375.
We are at around 1.3585 at the opening with indicator underlining an oversold level at STOCH as well as on RSI.
If we were at 1.3600 at an overbought level, I would have reviewed or cancel my previous analysis because the correction would have been bellow 1.355 i.e means 1.34XX and it would have been very difficult to go uphill again.
The very late hours of the last day of the week, or the opening hour of the first trading moment of the week are not very meaningful for me. I still keep as a trading period Monday 9 AM GMT until Friday 11AM GMT unless they are good opportunities or week-end news that may interfere on the market.
As far as 1.355 and 1.3585 are solid support levels, the move remain on the upside until 1.375 with interim level i.e 1.366, 1.372 and 1.375.
We are at around 1.3585 at the opening with indicator underlining an oversold level at STOCH as well as on RSI.
If we were at 1.3600 at an overbought level, I would have reviewed or cancel my previous analysis because the correction would have been bellow 1.355 i.e means 1.34XX and it would have been very difficult to go uphill again.
The very late hours of the last day of the week, or the opening hour of the first trading moment of the week are not very meaningful for me. I still keep as a trading period Monday 9 AM GMT until Friday 11AM GMT unless they are good opportunities or week-end news that may interfere on the market.
As far as 1.355 and 1.3585 are solid support levels, the move remain on the upside until 1.375 with interim level i.e 1.366, 1.372 and 1.375.
