Euro / DollaroShort
EURUSD Short Term Consolidation, Long Term Sell at 1.05
wolfradar.com/blog/how-to-trade-forex-stocks-using-rsi-in-technical-analysis-the-3-most-common-ways
Longer term bias is certainly a sell, I believe 1.05 is a good entry for a short position.
On the other hand, short term hourly chart shows consolidation as RSI lies between 40 and 60, a break and close below 40 with price break below 1.04 would be a valid confirmation of short term downtrend resuming.
Longer term bias is certainly a sell, I believe 1.05 is a good entry for a short position.
On the other hand, short term hourly chart shows consolidation as RSI lies between 40 and 60, a break and close below 40 with price break below 1.04 would be a valid confirmation of short term downtrend resuming.
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