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EURUSD: Staying on oversold area | February 21, 2017



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Eurusd is now trading on oversold area as indicated by stochastic. This pair is near to support level. So on this area, we can look for buy on this pair. If we find any bullish candle confirmation, then we need to look for buy and stop loss will be below the support level.
On the other hand, this pair is facing bearish pressure. So we should look for sell for intraday trading. Eurusd is also below 200 and 100 ema on h1 and H4. So below this moving average, you need to look for sell entry.


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