By: Bradley C. Smith
The price action showing a wave pattern undulating upward supports a buy. Bollinger Bands, Full Stochastics, StochRSI and RSI each below their centerlines show sentiment could be oversold a bit. It seems as though the daily EUR/USD chart might be ready for a rise.
Each technical indicator window has it's indicator on the floor, oversold. The three hour chart supports the above analysis clearly. Pick the low you feel will be the last before the rise and enjoy the ride when the big sessions open, if you agree.
