investbenzi

The end of a year up trend?

Long
FX:EURUSD   Euro / US-Dollar
We have been seeing in the past month the fall of EUA/USD which lead to the expectation of a switch in the trend. Some indicators: as an SSMA of a 200 period day has been broken (we see that in the red circle - 2), tekan-sen and kijun-sen are very distant from which other (we see that in the red circle - 1) and, that is my concern, we have a oversell as we can see on the stochastics graph which leads us to wait a little longer to see a correction where the stochastic will be overbought and ichimoku stays with the falling trend there should be your place to sell for a long period.
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