EURUSD looks to be in the process of completing a
so called 5th Elliot Wave. For this its important that
it will break to current resistance. When this happens
this 5th wave might go to 1.09 and possible beyond if
the upper range breaks.
Stoch Rsi shows strong buying pressure and Adx shows
that bullish trend is stronger then the bearish, however
the red line that indicates trend strenght still needs to
climb a bit further. If this black line goes above 25 and
indicates a strong bullish trend then a break-out of the
bollinger bands is highely likely.
Buy at current market price with a small position and be
ready to add more, or buy the dips
so called 5th Elliot Wave. For this its important that
it will break to current resistance. When this happens
this 5th wave might go to 1.09 and possible beyond if
the upper range breaks.
Stoch Rsi shows strong buying pressure and Adx shows
that bullish trend is stronger then the bearish, however
the red line that indicates trend strenght still needs to
climb a bit further. If this black line goes above 25 and
indicates a strong bullish trend then a break-out of the
bollinger bands is highely likely.
Buy at current market price with a small position and be
ready to add more, or buy the dips
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