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Hello Traders,
Here is an update from a post I put out on the EUR/USD on Aug 10, 2014. The EUR is still falling compared to the US dollar. As confirmed in the previous post there is really no reason to look for long opportunities in this chart pattern. Some would point out that there is a level of divergence because the RSI signal is showing oversold and this is a opportunity to buy. I definitely understand that sentiment but I have learned from experience to always follow the immediate trend an…
Here is an update from a post I put out on the EUR/USD on Aug 10, 2014. The EUR is still falling compared to the US dollar. As confirmed in the previous post there is really no reason to look for long opportunities in this chart pattern. Some would point out that there is a level of divergence because the RSI signal is showing oversold and this is a opportunity to buy. I definitely understand that sentiment but I have learned from experience to always follow the immediate trend an…