ElactixNova

EURUSD: First wave of the correction completed.

FX:EURUSD   Euro / U.S. Dollar
EURUSD is ready for a mini pop. With a low rsi and it touching the lower part of the bands and another trend line from the bullish flag that is formed EURUSD should reach 1.2500. After this though is the beginning of the real downfall. On the weekly (Which is NOT shown here,) the rsi is very oversold and the Accumulation and Distribution indicator is showing that a loss of interest is starting to occur. Finally there is a volume decrease on the weekly and the daily.

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