EURO USD - short term rebound likely!

The Nifty gave an upmove backed by the positive world markets especially the emerging markets. A good corrective rise , is the best we can say right now.

Long time I have analysed and written on the foreign currency front. It seems that the EURO-USD is getting oversold and a corrective rebound towards 1.4150 is now due.



A break above 1.3830 should trigger this rebound.

Have my blog readers spotted any specific pattern (hint: Candlestick pattern) on the Euro USD chart attached?

I shall like to have your feedbacks(especially those who have done my workshops)

Happy (currency) trading

CA Rajiv D Khatlawala
ValueTrade Academy Pvt Ltd.