Remember the chart from 5 of November ( it is linked to this idea)
There I have posted the Fantastic 4 Reasons for a Potential Reversal Zone at 1.2250.
Now we have a Bullish Crap completing with its point D within the PRZ and it seems that it is lifting the Euro
above the bearish trend channel. In December we also triggered the RSI below 20 which might had also
give a positiv impulse for the bulls. Let´s see if the train changes the direction for a major retracement of the
current down trend.
If you like my ideas pls. click the like button :-)
Just my personal interpretation on these charts, make your own analysis before trading.
There I have posted the Fantastic 4 Reasons for a Potential Reversal Zone at 1.2250.
Now we have a Bullish Crap completing with its point D within the PRZ and it seems that it is lifting the Euro
above the bearish trend channel. In December we also triggered the RSI below 20 which might had also
give a positiv impulse for the bulls. Let´s see if the train changes the direction for a major retracement of the
current down trend.
If you like my ideas pls. click the like button :-)
Just my personal interpretation on these charts, make your own analysis before trading.
