Monday 27 November 2017

EUR/USD The Force is strong with this one

Along the long road and on down the causeway. That’s what happens with the EUR/USD pair lately. But the force awakened for the bulls and the battlefield around 1.70 area was successfully beatenAt a higher altitude, with flag unfurled and a new conquest at 1.1960 today. But a retreatment we witnessed and currently hovering around 1.1900 the pair is. 
Despite the modest pullback it’s unlikely to watch again the attack of the cloned bears. The four hour time galaxy is showing above moving averages price moving. RSI and stochastic had slightly retreated from their extreme overbought orbits, but yet remain within positive readings. Lack of faith disturbing for bears is, 1.1890 level where the Force is strong with. Clearer clues for the pair there are with pre-ECB’s levels and upcoming inflation figures from both major planets within the forex empire.
May the force be with your trading!






No comments:

Post a Comment