Good morning everyone,
EUR/USD downtrend may be headed towards a small, short-term relief. Daily RSI close to oversold with the price reaching the first support level after breaking down.
As this is a typical counter trend trade, it can happen fast to move up to the of around 1,14 and reverse course right after, so make sure to keep tight stops on this one.
Wish you all the best trades,
PTFX
Disclaimer:
This post does not provide any kind of financial advice. It is for educational purposes only and solely supported by my understanding of the technical figure.
EUR/USD downtrend may be headed towards a small, short-term relief. Daily RSI close to oversold with the price reaching the first support level after breaking down.
As this is a typical counter trend trade, it can happen fast to move up to the of around 1,14 and reverse course right after, so make sure to keep tight stops on this one.
Wish you all the best trades,
PTFX
Disclaimer:
This post does not provide any kind of financial advice. It is for educational purposes only and solely supported by my understanding of the technical figure.
Trade active:
Watch for entry points. Bullish reaction underway