EURUSD-Weekly Market Analysis-Aug19,Wk3

2019年8月10日

On the daily chart(right), the market has retraced to the sell zone for a trend trading opportunity, it's a great opportunity for trend traders to engage for a shorting opportunity.

On the 4-hourly chart(left), a bullish movement follow by a pennant that shows a bullish flag setup which I am more inclined of.

However, for both setup, the RSI was not overbought(right) nor oversold(left), further confirmation is required.