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Daily Forex Chart Art - Oct. 13, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 13, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD: 1-hour Bounce or break? EUR/USD is currently testing the top of the ascending channel visible on its 1-hour forex chart, still deciding whether to head further north or to move south to the channel support. Stochastic is already in the oversold area, which means that sellers are feeling exhausted and might not have enough energy to take the pair any lower. In addition, the 100 SMA is moving farther away from the 200 SMA, which suggests that buying momentum is picking up. However, if

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