Okay. I've made this analysis depending on multiple trading strategies, Which ill be explaining below.
EURUSD Has been pumping for the past few days and has reached the overbought zone, according to RSI , which indicates an incoming retracement.
There are two options for when the retracement is going to happen.
Option 1: It has already begun and short trades could be valid now.
Option 2: It would reach the next resistance at 1.172
Retracements could reach 1.15 before continuing with the Bullish trend .
Disclaimer: This analysis is based on my thoughts and should be followed with your own responsibility.
EURUSD Has been pumping for the past few days and has reached the overbought zone, according to RSI , which indicates an incoming retracement.
There are two options for when the retracement is going to happen.
Option 1: It has already begun and short trades could be valid now.
Option 2: It would reach the next resistance at 1.172
Retracements could reach 1.15 before continuing with the Bullish trend .
Disclaimer: This analysis is based on my thoughts and should be followed with your own responsibility.