EURUSD RSI Divergence - Bounce incoming?
Simple idea here,
A) Touched the downward trendline, even if this turns out to be a downward channel this is the bottom of the range.
B) Deeply oversold on RSI ( <20 on both 1H and 2H ),
C) RSI divergence on the 1H
Just targetting a short term pullback here, short term Target 1.083 but potential for a runner up to the 1.09s.
A) Touched the downward trendline, even if this turns out to be a downward channel this is the bottom of the range.
B) Deeply oversold on RSI ( <20 on both 1H and 2H ),
C) RSI divergence on the 1H
Just targetting a short term pullback here, short term Target 1.083 but potential for a runner up to the 1.09s.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.