THE DAILY 3 MONTH
Minding the daily time frame and natural volatility (Unfortunately this software didn't grant me access to the ATR):
Price pressure is to the downside. We will see a lower EUR over the new few days. Confirmation of:
- Perfection SMA bearish formation
- MACD momentum reversal
Aside from the given fundamentals…
Contrastingly the Bull picture is gaining some footing:
- possible 50 RSI support indicative of an uptrend (weak dollar)
- Price pattern: If the downside is mild over the next day a lower high is feasible.
- The widening of BB is encouraging for the increased volume giving more conviction to a bullish move
SUMMARY:
Short term bull for the rest of JUN: (look for that short term entry on the dips) I will expect prices on the EUR/USD to move higher in the month of JUL.
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Alexander Lê
Managing Partner
Analyze Capital LLC
email:le.alex48@gmail.com
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