As in my DXY forecast, I can see that EURUSD is almost ready to rebound. Why? Let´s talk about indicators and fundamentals. The Mago Estraperlo is showing that in the 4h is ready to break and in the Daily as well. The same is happening in the 4 H and the Daily timeframe with the Stoch RSI and RSI are totally oversold and the RSI is in the 45 levels in the Daily. In the fundamental definitely the next crisis is in the US with Trump´s impeachment. Be ready to buy your EUROS probably after German ZEW Economic Sentiment. Trade only after the yellow line is totally broken (you understand what I mean). Since the 1-hour timeframe Stoch RSI is supposed is ready to bear and make a correction but be ready.... this can be your rebound. I publish this very fast since it can happen in the next few minutes.
If this happens, my new 4-hour channel will be the yellow channel..... take a look at it and you will be aware that makes sense. I would suggest trading within the orange wave projected in this chart. Good luck traders.
If this happens, my new 4-hour channel will be the yellow channel..... take a look at it and you will be aware that makes sense. I would suggest trading within the orange wave projected in this chart. Good luck traders.
Trade active:
Here is your trade.
