68% Probability that EURUSD will close low in the next 3 days

2 May 2016, 09:41
Muhammad Elbermawi
1
238

There is 68% Probability that EURUSD will close low today or tomorrow ..Why?

  1. EURUSD have been rising for the last 5 consecutive trading days.
  2. RSI 2 periods is above 95% which is extreme over bought.
  3. EURUSD trading begin with an opening gap this week.
  4. Friday candle is a long tall candle more than 150% from ATR10.

Take a look to the chart:


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