EURUSD was traded sideways with low volume for couple of days and its RSI was also on lower side and with sideways movement, RSI has opened up a bit and have created some space for downward move towards 1.3550 level.
A good selling level is present just around 1.3680 and EURUSD already touched it one today and traders should look to sell EURUSD around that level for a nice trade with targets below 1.3600 level.
On the upper side, if EURUSD breaks 1.3680 level, then we will see EURUSD heading towards 1.3800 level but we expect more selling pressure today and EURUSD to resume its downward trend.
I got long-term sell signal today by using this:
ReplyDeletehttp://bit.ly/aBebbm
Check it out.