There was a reversal sign for the EU on last week (in Short TF). Additionally, there was also a rejection candle on Friday base on the 4HR TF. Because of that, there is a good sign for this pair to keep going Long.
Long reasons
-Week : This weekly prediction
-Indicator : EMA is below (1D TF)
-Indicator : RSI Divergence ( 4HR TF)
-Price : Bearish rejection candle on 4HR TF
Note : Watch out for the news and wait for the next movement confirmation
- EU : CPI on Thursday
- US : GDP on Thursday
- US : Core PCE on Friday
Good luck everyone & have fun trading Forex !
Long reasons
-Week : This weekly prediction
-Indicator : EMA is below (1D TF)
-Indicator : RSI Divergence ( 4HR TF)
-Price : Bearish rejection candle on 4HR TF
Note : Watch out for the news and wait for the next movement confirmation
- EU : CPI on Thursday
- US : GDP on Thursday
- US : Core PCE on Friday
Good luck everyone & have fun trading Forex !