EUR/USD current read

21/9/17 7:30 AM GMT

Sell High RSI

(Upside ATR Limits 1.1961-1.1983)

Retracement and/or consolidation first, it is a bear flag.

1.1955 should remain out of reach today.

1.1922 is an MM resistance that a continuation could come from.

Momentum is heavily down, avoid playing the upside.

Probably no major move for the next 5 hours.

Overbought condition was lost, after a failed reach, the downside travel can be enormous: oversold neckline is at 1.1377

Projected distance of the current impulse: 1.1791

Downside break is playable.

Downside ATR limits for the day:  1.1817-1.1791

 

EUR000

MM support levels:

1.2027

1.1997

1.1974

1.19418

1.1925

1.1880

1.1839

1.1809

1.17998

1.1780

1.17591

 

MM resistance levels:

1.1808

1.19

1.1908

1.1922

1.1931

1.1948

1.1955

1.1962

1.1975

1.1995

1.20023

1.20275

1.2045

1.2063