What's EUR Rush ?

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = EUR : DAY Chart (Posted Below)

Strange day today in the markets having had a good day on Monday, Our Euro cross went up 121 pips from opening, however closed 16 pips down on the day. So the "Bears" won the war after losing the battle.

This could lead us back to the demise of price to test the key support / Double Bottom as previously explained on Monday's blog.

RSI remains under 50 pointing down with potential convergence, MACD also shows possible convergence. These can not be confirmed yet due to the new lower low NOT yet established or confirmed.

Stochastic s show OS, but on Advanced Get the false reading bar is present.

Patience is the virtue !

We have key news on USD after lunch, so tighten your stops if in the trade.

Please do your own analysis before entering the trade.















Courtesy of Advanced Get / E Signal

Trade with Passion

John Maher
Forex Analyst


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