Hello to the large community of traders,
As you are aware, EURUSD experienced a good rise last week.
Depending on the start of the week, two predictions can be made:
(1) If price creates a right shoulder and CCI passes its trendline we can expect that price will fall.
RSI already has broken its trendline and It could be a reversal signal.
(2) Price may throw back to last level and creating flag pattern. After breaking flag it may go up.
Price action to MA9 can be helpful too.
**This is not an investment advice. Your capital might be at risk.**
Good Luck...
As you are aware, EURUSD experienced a good rise last week.
Depending on the start of the week, two predictions can be made:
(1) If price creates a right shoulder and CCI passes its trendline we can expect that price will fall.
RSI already has broken its trendline and It could be a reversal signal.
(2) Price may throw back to last level and creating flag pattern. After breaking flag it may go up.
Price action to MA9 can be helpful too.
**This is not an investment advice. Your capital might be at risk.**
Good Luck...
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