Breakout Analysis | EURUSD | BUY & SELL
Possible BUY/SELL Scenario on EURUSD Chart.
We have a Strong Support-Line on 1.0640 which was followed the last few Weeks.
On the other hand we also have a triangle formation which leads to the possibility of BUY if we see a breakout of the formation.
I would recommend to followe the Chart the next few hours and see if we get a breakout down selling or buying. RSI is only at 18.00 so that's a huge Indicator that this pair is oversold.
As i see on FxPro, 79% of the retailtraders have placed BUY on this pair and only 21% SELL.
The German ecomonic is doing great but also the swiss economic came great trough the COVID-19 Epidemic.
We have a Strong Support-Line on 1.0640 which was followed the last few Weeks.
On the other hand we also have a triangle formation which leads to the possibility of BUY if we see a breakout of the formation.
I would recommend to followe the Chart the next few hours and see if we get a breakout down selling or buying. RSI is only at 18.00 so that's a huge Indicator that this pair is oversold.
As i see on FxPro, 79% of the retailtraders have placed BUY on this pair and only 21% SELL.
The German ecomonic is doing great but also the swiss economic came great trough the COVID-19 Epidemic.
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