ETHUSD Loses Strength
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Bitcoin Could Climb in the Next Few Days
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EURMXN CHART PRICE – EURMXN DAILY
Euro has gather strength against the Mexican Peso in the last 3 trading session, the price is now trading over the Ichimoku Cloud, meaning that the uptrend is set to continue, Bollinger Bands are opening up which can translate into a busy session with high volatility this could only be temporary as we see that the Relative Strength Index is already at 60% onde it hits 70% we will consider it oversold and close our positions, the moving averages are about to cross, long term is about to go under the short term trend line, meaning that the uptrend is expected to continue, make sure you are monitoring the RSI level, once it goes above 65% traders will start closing their positions and this will drive the market down again, as traders will be cashing out their profits.
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.
