Analysis:
Looking at the charts we can clearly see that price was in an upwards trend. We've seen price form higher highs and higher lows, until recently when we saw this trend change and price started to make a move to the downside. In our opinion price is still in a long term upwards trend, however the short term trend was to the downside, but we are actually...
Few things going on here:
1. Price reached the highs of 1.078 and then it found weakness. You can tell by the fact that price ranged, but consistently failed to break above the 1.078 level. At the same time, price has been holding supported at the 1.75 level.
2. What I'm currently seeing is that price is breaking below the 1.75 level and slightly retracing. This...
Moving average suggest that correction may happen any time. The RSI says that overbought level has been reach and started to look bearish as you can see the red candle stick for the last eight hours. Smart money also going out due to some good news in US economy. be careful those gaining high has posibilities to loss high...happy trading day.
