Trade today
Hi,
Based on my chart
1) EUR - ADX is on settling down at 1H, so I see that the first half of the london session shall be rather choppy. Looking also at the 1D chat the RSI (14) continue to stay up high above 70 indicating a strong uptrend but strong overbought condition. So sign of retracement at the moment even when the RSI shows overbought at weekly chart.
2) Swissy - the ADX exhibit the siilar condition as the EUR, where I could see a choppy market at the first half of the london session. However, the RSI (14) on the weekly chart still shows some sign of possible downtrend before retracement takes place.
3) JPY - The daily chart of JPY has an interesting closing wedge, I wonder where it wanted to go now. The RSI (14) shows some neutral sign on buying and selling power. Look forward for a clearer direction on short term trade.
Regards
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