EURUSD - Short term oversold, we may see retracement to 1,3800
I don't want to write to much on it.
Daily: Reversal candle on Thursday. Slow Stoch turning up, DMI+ and DMI- are a bit too far from each other.
4 Hrs: Tenkan/Kijun about to give a weak bullish cross signal. Heiken Ashi shows chance for a bullish counter move.
I think we may see a Kumo, Kijun, and previous trendline retracement to ard 1,3785 - 1,3810 levels. There we can look for sell signals as the strategic direction has been possibly turning to bearish.
Depending on your trading style you can play a long from here with stop 1,3692, or cut back your exisiting shorts a bit, or maybe just wait for the retracement and look for sell opportunity again.
Daily: Reversal candle on Thursday. Slow Stoch turning up, DMI+ and DMI- are a bit too far from each other.
4 Hrs: Tenkan/Kijun about to give a weak bullish cross signal. Heiken Ashi shows chance for a bullish counter move.
I think we may see a Kumo, Kijun, and previous trendline retracement to ard 1,3785 - 1,3810 levels. There we can look for sell signals as the strategic direction has been possibly turning to bearish.
Depending on your trading style you can play a long from here with stop 1,3692, or cut back your exisiting shorts a bit, or maybe just wait for the retracement and look for sell opportunity again.
