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Despite the sentiment towards USD, I think we still need analysis of price movements by using technical analysis. Now I will see from the simplest side of the stochostic and Fibonacci combined for the EURUSD pair.
Let's look at the following picture:
From the picture above, there is the first red circle first, indicating the moving price will touch the upper limit, which means Overbought will happen. However, there is still enough room to reach the point until the price touched or crossed the resistance line.
Now let's see, on the stochostic chart especially that I circled with the red circle. From the chart we can read if the price will leave the Oversold line with a very thin range.
Ok, from the brief description above, for my frugal EURUSD pair, decide BUY more rationally.
Let's look at the following picture:
From the picture above, there is the first red circle first, indicating the moving price will touch the upper limit, which means Overbought will happen. However, there is still enough room to reach the point until the price touched or crossed the resistance line.
Now let's see, on the stochostic chart especially that I circled with the red circle. From the chart we can read if the price will leave the Oversold line with a very thin range.
Ok, from the brief description above, for my frugal EURUSD pair, decide BUY more rationally.
