Harami for EURSGD

31 january 2022 137
Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
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The EURSGD currency pair continues to move within the downtrend.


After the minimum set of 1.5062, the Harami pattern was formed which is a prerequisite for a reversal or at least an upward bounce. The RSI reverses from the oversold zone strengthening the signal.

 

The target is 1.53, a line of the downtrend can be tested in case of success. 

Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
1st in the segment "Agricultural commodities"
3rd in the segment "Indices"
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