The price still moves on the range market, yesterday the price dropped and landed at the swing low, and then rise again on half of the range now, still possible to move on the swing high, but now the pattern is in the correction phase.
Based H1 timeframe now price on the middle band, and RSI level 52 is still a higher portion level for an uptrend.
The price eventually success to break high and formed uptrend yesterday market, this is a crucial zone when the range market has already breakout, usually will occur for long term trend market, the uptrend may be because the USD has already started to strengthen to another currency, the Fed policy able to make good for USD.
Take a look at the H1 timeframe, the bullish market still on the hand and BB line already expanding, meanwhile RSI enter level 71, it's on an overbought zone-based indicator
The price still continues to uptrend but in weak trend, the seller trying to push the price down, but still get barrier from near support level 1.14376, now based BB line its narrowed and as flat condition market.
Go to the H1 timeframe the price is still above the MA line indicates as the uptrend is still in the direction, and the RSI level is now 59 still on the road of the bullish-based RSI indicator.
The price drops on Friday market, and it's become pullback that still questionable, there are no gap occurs this morning, but low trading volume still makes the price move on narrow movement on the low timeframe, usually when the price like no movement hence trader will wait for the good momentum.
H1 price candle formed low range, and BB line still look expanded and RSI level 38 on a horizontal line, so trading signal based indicator
The price in correction time yesterday, although candle formed bearish candle, its only small shape, and tendencies like as Doji candle, based H1 timeframe now the price formed sideways market in flat condition, this is called equilibrium if in supply and demand theory, on the point where buyer and seller in balance, there is no movement look alike.
Meanwhile based indicator now level RSI at 43 which based indicator weighted to downtrend, but still possible if the trend continues to uptrend, with reason the price already breakout and start a new trend, but possible if news USD still high inflation make weakness of USD.
The price EURUSD down and again enter on the previous daily range, its become long pullback for the trading par after success to break high on the long range market, now price 1.13250 at support zone based history.
H! the price formed correction times and indicators RSI already enter on oversold zone level 27, but is it will become time to reversal also still in questionable, the price is dynamic, and seems USD still get momentum trading.
It's now formed bullish candle EURUSD trying to continue yesterday's pattern, whether the price will continue to rise? a trader only trying to analyze the market based on theory.
If we draw the trendline on a daily timeframe, from low to low, its formed uptrend pattern, and the current price already on support zone, meanwhile based BB line now the price on the middle band and RSI 50 as balance level.
Go to H1 the price has already broken the upper band and RSI level 55, it is possible to rise.
The price is very dynamic, yesterday I vote the price will rise but in fact, the price now is down, it's forex trading, the risk remains involved because of no perfect trading analysis.
Now based on my analysis if using indicator BB already show the price below the middle line, but not yet touched lower band, meanwhile RSI level 46 as weighted to downtrend, then based H1 price already on lower band and RSI level 35, already out from oversold zone, correction may occur on the trading pair
There is no gap occurs on this morning, the price candle look normal movement, the daily timeframe the price formed bulls candle on the last weekday trading, overall the price movement still back in the range daily, although the price break high and formed new high, but eventually the price back to entering the previous daily range
Now based Bollinger band indicator on H1, the price at the middle zone and the BB line has narrowed, meanwhile RSI level 51, Monday market sometimes making trader being confused and waiting moment because of still unclear direction.
The price of EURUSD yesterday drop again to 1.2923, but then the price get pressure from buyers and it make the price move to rise again, in general, the price move on the daily range market, but on three candles formed new low lower than previous low as indicates downtrend pattern.
Go to H1 timeframe now the price has already moved on middle BB line and RSI level 49 more weighted to downtrend based indicator, meanwhile M15 timeframe the current price tendencies to sideways as low volume trading on this session.
