Last 2 years, EURUSD has been in a weekly chart sideways PA action. From this chart, PA is around the low of last two years of 1.05000< this is a solid SUPPORT area. Right now, RSI is at 27, so still in oversold area (too many sellers & not enough buyers at this time). CCI indicator is around neutral area or ZERO. *NOTE: This is weekly chart, on monthly chart YOU will notice that IF PA does goes lower then 1.05000 there is room to go down to 1.00000. Continue to watch now.
MY PLAN would be:
Check out lower chart time frames and trade accordingly. On this weekly chart, I would take noted PA for last three weeks and trade with the BULLS. Good luck and have at-least three POSITIVE'S in your favorite or more, before you makes any trading decisions.
MY PLAN would be:
Check out lower chart time frames and trade accordingly. On this weekly chart, I would take noted PA for last three weeks and trade with the BULLS. Good luck and have at-least three POSITIVE'S in your favorite or more, before you makes any trading decisions.