Forex Strategy & Forex Trading Strategies made by Professionals for Beginners & Experts

Plus500

FX:EUR/USD Indicator RSI Broke Trend Line in Triangle

Interval: H4

eur-usd-rsi-triangle-chart-10.01.2013.

I would go with an up break, the RSI has broken the down trend line, and got out of the triangle.

But this would mean that Draghi will sustain the Euro. Keeping the interest rate at the current level, but also he would have to keep a positive note at the press conference.

If the price will break up then only 1.3140 could stay in the price way to 1.33.

On the other hand, a down break would have to be powerful enough to get under 1.3 to touch 1.2660.

FX:EUR/USD Indicator RSI Broke Trend Line in Triangle by
0 comments