EUR / USD: strong bullish impulsive movement.
CCI (50) in the area above 100, even 200 - levels that indicate overbought market and a strong positive sentiment.
Price moves in fifth period average, no sell until there is a bar with a deeper bottom than the previous one.
Each subsequent bar ever higher bottom, suitable places to buy only after price adjustment to about 50% of the previous bar and stop a few pips below its base.Price enters the zone of resistance, it is possible to see a slight correction after this short break.
Sentiment in markets traded expectations that US interest rates will not be changed in September.
Stefan D. Angelov - Head of Stocks Trading
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