EUR/USD
The sharp correction off the overnight high at 1.1950 stalled at 1.1875, keeping the primary downtrend intact. Daily studies suggest that an upward correction is due, with the highly oversold stochastic poised for a bullish cross and the ADX coming off very high readings. We have taken a high risk long, as the hourlies are oversold, lookiing for 1.2035. |