Was a little worried by the pair confirming the downward trend. The break upwards suggests a long position is feasible. MACD has crossed into positive territory and the RSI is trending upwards.
Given long trade on EURUSD i won't be backing this as well but it adds to conviction about a retracement of the GBP and EUr against the USD.
the issue is that none the recent trend lines are that strong with only two points in most of the lines. would prefer 3 for a higher conviction trade.
Given long trade on EURUSD i won't be backing this as well but it adds to conviction about a retracement of the GBP and EUr against the USD.
the issue is that none the recent trend lines are that strong with only two points in most of the lines. would prefer 3 for a higher conviction trade.
