Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: The sharp EURUSD selloff has resulted in a bullish RSI signal (basically the opposite of traditional divergence…RSI is getting ahead of price here). In uptrends, buying dips when RSI drops into the 50-40 zone is often a good move.
FOREX Trading Strategy: Long against 13255, for longer term targets just above 13800 and 14300.
LEVELS: 13255 13285 1334213458 1359713643