EURUSD- 31Jan2022
On the weekly, EURUSD made a lower lows from the Nov21. On the daily, price have not confirmed below the previous lows. With Stochastic at oversold condition, we could expect a relief bounce today.
On the H4, price is at Fib confluence support and there could be a distribution going on. With Stochastic at horizontal support, we could expect a short-term bounce potentially to 1st Resistance at 1.12070 today.
This is for personal record purposes only, not financial advise or solicitation of trade.
On the weekly, EURUSD made a lower lows from the Nov21. On the daily, price have not confirmed below the previous lows. With Stochastic at oversold condition, we could expect a relief bounce today.
On the H4, price is at Fib confluence support and there could be a distribution going on. With Stochastic at horizontal support, we could expect a short-term bounce potentially to 1st Resistance at 1.12070 today.
This is for personal record purposes only, not financial advise or solicitation of trade.
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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.