EUR / USD advanced slightly on Monday, but stopped in 1.2220 to fall down to 1.2165. The short term trend is falling with the short-term oscillators to reveal a stronger momentum in the downward direction. The RSI dropped and is now approaching its line 30, as the MACD is negative and seems able to fall below its signal line. The maximum and minimum are lower and below the moving averages 50 and 200 days. R3 - 1.22494 R2 - 1.22181 R1 - 1.21860 Daily Std. Pivot - 1.21547 S1 - 1.21226 S2 - 1.20913 S3 - 1.20592 https://bewayopa.wordpress.com/
EUR / USD rebounded slightly. The RSI recovered after finding support near the 30 line, while the MACD, although negative, remains above its signal line and is pointing up. There is a positive divergence between these indicators and the price action. This indicates the deceleration of downward momentum and makes room for the extent of recovery. R3 - 1.22494 R2 - 1.22181 R1 - 1.21860 Daily Std. Pivot - 1.21547 S1 - 1.21226 S2 - 1.20913 S3 - 1.20592 https://bewayopa.wordpress.com/
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