EURUSD Will Go Lower! Short!
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Take a look at our analysis for EURUSD.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.822.
The above observations make me that the market will inevitably achieve 1.808 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Trade chiuso: obiettivo raggiunto
That was an excellent trade and the target was reached too!
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🌐WebSite: signalprovider.org/
🔝Best Broker: icmarkets.com/trading-markets/forex/?camp=51166
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