Euro / U.S. DollarShort
EUR/USD SELL(SHORT) - FURTHER DECLINES
EUR/USD is a recommended STRONG SELL — Rally
Overlays:
- Trend line (mid level) — 1.05680 (equivalent to 78.6% fib level)
- Trend line (upper level) — 1.06803 - 1.0729 (between 38.25% and 23.6% fibonacci levels)
- Price will break downtrend reaching those levels but still be a lower high in comparison to 2x previous high
- Fibonacci Level 61.8% — 1.06147
- Fibonacci Level 50% — 1.06475
- Price will break trend reaching this level but still be a lower high in comparison to 2x previous high
- MA30 level — 1.05868
- MA60 level — 1.06274
Sub-indicators:
- Stoch RSI strength in downside momentum, deep in oversold territory, moving averages cross above and slightly sloping upward confirming the accumulation for a rally in this downtrend
- CMF — shows major strength in participants participating in the distribution phase of this currency pair. Well below the CMF mid point level.
Overlays:
- Trend line (mid level) — 1.05680 (equivalent to 78.6% fib level)
- Trend line (upper level) — 1.06803 - 1.0729 (between 38.25% and 23.6% fibonacci levels)
- Price will break downtrend reaching those levels but still be a lower high in comparison to 2x previous high
- Fibonacci Level 61.8% — 1.06147
- Fibonacci Level 50% — 1.06475
- Price will break trend reaching this level but still be a lower high in comparison to 2x previous high
- MA30 level — 1.05868
- MA60 level — 1.06274
Sub-indicators:
- Stoch RSI strength in downside momentum, deep in oversold territory, moving averages cross above and slightly sloping upward confirming the accumulation for a rally in this downtrend
- CMF — shows major strength in participants participating in the distribution phase of this currency pair. Well below the CMF mid point level.
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