This is my first technical analyse on tradingview...
Not going to explain all details since everything you can see on chart.
Technical Analyse
Since EURUSD break our first trendline (red line) lost its steam, both momentum and sochastic confirms that, and continue its way trough our major trendline (blue line) , we have here fibonacci cluster zone, also RSI showing divergence and leaving oversold zone. I think EURUSD gone make one last push next week to test 1.2120 then we will see an intense pull back. If pull back occurs and our trendline holds we expect a choppy move trough 1.2560 area. If a daily bar close under 1.21 we consider our trendline broken and looking for sell opportunities...
Since EUR Zone bleeding continues i dont expect EURUSD move higher and break 1.3 level ...
Not going to explain all details since everything you can see on chart.
Technical Analyse
Since EURUSD break our first trendline (red line) lost its steam, both momentum and sochastic confirms that, and continue its way trough our major trendline (blue line) , we have here fibonacci cluster zone, also RSI showing divergence and leaving oversold zone. I think EURUSD gone make one last push next week to test 1.2120 then we will see an intense pull back. If pull back occurs and our trendline holds we expect a choppy move trough 1.2560 area. If a daily bar close under 1.21 we consider our trendline broken and looking for sell opportunities...
Since EUR Zone bleeding continues i dont expect EURUSD move higher and break 1.3 level ...