The EURUSD pair is near the top of the 4 month Channel Up with the 1D timeframe technically bullish (RSI = 66.302, MACD = 0.007, ADX = 34.138). When the RSI turns ovebought at 70.000 (or close to it), we will have the ideal conditions for a sell. We target the 0.382 Fibonacci level of the Channel on the short term (TP = 1.08850). If S1 later breaks, we will reshort and target the 1D MA50 and Fib 0.618 (TP = 1.07750).
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investingscope.com
Over 65% accuracy on Private Signals Channel.
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Free Channel: t.me/investingscopeofficial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.