mattlacoco

mattlacoco

I'm a buyer at .3330 area. Hope is a tough nut to crack, almost as tough as greed. Targeting .3800 before .4000. RSI divergence looking like a trap.

mattlacoco

If the Monthly RSI 50 level doesn't restrict price, EURUSD could see 1.40ish before resuming down.

mattlacoco

The 1.06 area authoritatively halted price action Friday. If this descending trend line resistance holds, price will be supported by confluence of 200MA, .236 Fib exp. and recently formed ascending support. If these fail to hold price, 1.02 - 1.0170 exposed.