Analyzing the Euro Dollar chart on a weekly time frame, it is clear how pair failed to break below 1.04. This level hold again ( third time ), giving bulls the strength to push the quote higher. Natural target for the upward movement is 1.15. A personalized stochastic to filter out most of fake signals is now crossing above the oversold area, thus confirming the bullish idea. However, in order to have a better signal, let's wait to cross above the area.
The analysis is valid for medium / term only.
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The analysis is valid for medium / term only.
For further ideas and news about financial markets, please follow us at wallstreetimes.com
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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.
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.