Ha-Lion

EUR/USD Weekly Analysis

Long
OANDA:EURUSD   Euro / U.S. Dollar
It's going Bullish nicely on Monthly, weekly and Daily as well. However, Since Stochastic shows Overbought and There is a Bearish Butterfly, It may come down to test 1.09800 Psychological Support and then continue Bullish further more.

0- Monthly shows Bullish

1- EMA, 20, 50, 200 on Weekly shows: R.G. Bullish
2- Chart Pattern on Weekly chart shows: Huge Bullish Engulfing
3- Stochastic on Weekly chart shows: "K" Line cut "D" Line Bullish

4- EMA, 20, 50, 200 on Daily shows: R.G.B Bullish
5- Chart Pattern on Daily shows: Back in the Bullish Trend
6- Stochastic on Daily shows: Overbought
7- Harmonic formation on Daily Bearish Butterfly

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