Pairs

Euro has been trading weak during the Asian session with EUSTX50 on a bit of a range with Lonnie not getting its ground because of the Oil ranging when using the strength test.

Stochastic

The stochastic on D1 is on oversold with H4 between 50-20 area heading up while on H1 just crossed the 50zone going up.

Plan

A double bottom is spotted on H4 with moving averages 5 and 8 starting to cross. If price action brakes the MS1 pivot and retraces on H1 or H4 and test previous resistance as support, a long position will be considered.