We are looking at the setup on Euro versus US dollar with the pair having run up over 200 pips since last Tuesday and now looking overbought short term as it reaches resistance levels just short of 1.14. We are therefore looking for Euro to pull back lower and retest support levels in low 1.13 area
We have highlighted both overbought levels on and Stochastcis turning over to head lower on our trading view chart work.
from the Team at forexTrdr
find us on instagram, twitter and Alexa flash briefings