{"id":12542,"date":"2022-09-26T09:53:19","date_gmt":"2022-09-26T09:53:19","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12542"},"modified":"2023-05-15T09:55:20","modified_gmt":"2023-05-15T09:55:20","slug":"eurusd-expected-rebound-on-the-bottom-of-the-channel-down","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/09\/26\/eurusd-expected-rebound-on-the-bottom-of-the-channel-down\/","title":{"rendered":"EURUSD Expected rebound on the bottom of the Channel Down"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>The EURUSD pair has been trading within a Channel Down pattern since the February 10 High. Time and time again we have pointed out the recurring buy\/ sell levels within this pattern due to its strong symmetry both on the price action and the RSI on the 1D time-frame, which provided the following accurate sell signal a month ago:<\/p>\n<div class=\"tv-embeded-image\"><a class=\"js-embeded-chart-image tv-embeded-image__link\" title=\"EURUSD Short-term rebound to 1D MA50 possible ahead of the NFP\" href=\"https:\/\/www.tradingview.com\/chart\/EURUSD\/pyGbeVij-EURUSD-Short-term-rebound-to-1D-MA50-possible-ahead-of-the-NFP\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"js-image-lazy-load\" src=\"https:\/\/s3.tradingview.com\/p\/pyGbeVij_big.png\" alt=\"EURUSD Short-term rebound to 1D MA50 possible ahead of the NFP\" \/><\/a><\/div>\n<p>The price almost hit the bottom (Lowe Lows trend-line) of this 8-month Channel Down on today&#8217;s opening and as the 1D RSI breached the 30.000 oversold barrier for the first time since July 15 (though hasn&#8217;t yet hit the Support Zone), it is worth buying into this strong momentum. The most consistent target during this time has been the 1D MA50 (blue trend-line). As we have noted numerous times, we are only considering longer-term buys if the 1D MA100 (green trend-line) breaks, targeting first the 1D MA200 (orange trend-line).<\/p>\n<p>Weekly tip: Keep an eye on Powell&#8217;s speech, the U.S. GDP and the E.U. CPI.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/EURUSD\/pMylKTWk-EURUSD-Expected-rebound-on-the-bottom-of-the-Channel-Down\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/EURUSD\/pMylKTWk-EURUSD-Expected-rebound-on-the-bottom-of-the-Channel-Down<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The EURUSD pair has been trading within a Channel Down pattern since the February 10 High. Time and time again we have pointed out the recurring buy\/ sell levels within this pattern due to its strong symmetry both on the price action and the RSI on the 1D time-frame, which provided the following accurate<\/p>\n","protected":false},"author":611,"featured_media":12543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12542"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12542\/revisions"}],"predecessor-version":[{"id":12545,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12542\/revisions\/12545"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12543"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}