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mattlacoco
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100 % forex
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EURUSD 29% | 2 GBPNZD 29% | 2 GBPAUD 14% | 1 AUDUSD 14% | 1
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ema lacoco pivotpoints Less Tags Show All Tags
The trend is still the trend... until it's not.
EURUSD
, DLong
EURUSD: The trend is still the trend... until it's not.

I'm a buyer at .3330 area. Hope is a tough nut to crack, almost as tough as greed. Targeting .3800 before .4000. RSI divergence looking like a trap.

Key monthly RSI level in view.
EURUSD
, M
EURUSD: Key monthly RSI level in view.

If the Monthly RSI 50 level doesn't restrict price, EURUSD could see 1.40ish before resuming down.

AUDUSD Turnaround
AUDUSD
, DShort
AUDUSD: AUDUSD Turnaround

The 1.06 area authoritatively halted price action Friday. If this descending trend line resistance holds, price will be supported by confluence of 200MA, .236 Fib exp. and recently formed ascending support. If these fail to hold price, 1.02 - 1.0170 exposed.

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