EUR/USD up to big decision point
מעודכן
I see the EUR/USD creeping up to 1.250 where a major decision point may have to be made.
Why:
- Upper end of major trend line
- Lower end of new trend line that was broken, so a possible retest or slip back into the newer upward trend.
- Cloud heavy bottom line acting as ceiling
- Lots of volume around that area, and major volume level just before it
- RSI wants to turn over as slightly oversold
Why:
- Upper end of major trend line
- Lower end of new trend line that was broken, so a possible retest or slip back into the newer upward trend.
- Cloud heavy bottom line acting as ceiling
- Lots of volume around that area, and major volume level just before it
- RSI wants to turn over as slightly oversold
הערה
Well it double tapped the pressure point. made a couple strong pin bars. RSI shows over bought, cloud looms heave from above, and it touched the huge downward trend top. signs may point to a big down move.הערה
Well it bounce off the pressure point. interesting set up is it is not making a lower low. if it turns to the upside i'd anticipate another move to the top of the channel again.
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