Europe order book:
Stop loss: 1.2985/80, 1.3050-60, 1.3067-70 and 1.3110
Limit: 1.2960/50 and 1.3070/80
Primary trend: Bullish
Intermediate trend: Range between 1.28 to 1.34
Minor trend: Mildly bullish
Technically, shorter intraday indicator has come way off the o/s territory though the longer one is still just coming out of the o/s zone. Intraday oscillator indicators are showing a mixed bag of signals. Expect an initial see-off to retest yesterday's low of 1.2985 but I can't get overly bearish as bullish convergence signals have emerged and the daily indicator is at the o/s zone. Expect today's range 1.2960/80 to 1.3060/80.
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| E$ Hourly chart - More bullish convergence. R/R should caution getting overly bearish here... |
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