EUR/USD Uptrend Line Bounce (March 20, 2014)
EUR/USD is moving in an uptrend, as seen on its 1-hour time frame. It is making a test of the rising trend line connecting the lows of the price while stochastic is in the oversold zone.
EUR/USD is moving in an uptrend, as seen on its 1-hour time frame. It is making a test of the rising trend line connecting the lows of the price while stochastic is in the oversold zone.
EURUSD’s upward movement from 1.3477 extended to as high as 1.3966.
The EUR/USD pair went back and forth during the session on Monday, as we continue to struggle with the downtrend line that forms the channel going lower from the start of the financial crisis.
EURUSD’s upward movement from 1.3477 extended to as high as 1.3914.
The EUR/USD pair fell during the session on Wednesday, but as you can see bounced enough to form a hammer.
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