Possible Bottom forming for the Daily Chart of the EURUSD
The daily bar chart of the EURUSD futures contract traded on Globex shows the market is tracing out a narrow range so far today. If the day trades in this fashion, then this could be the end of the down trend. Watch today to see if the RSI reading is an up close. If it is, then the RSI has formed a pivot low above the 38 level and that is a bullish momentum sign.
The morning view at the TradeFlow Chart for the EURUSD shows the price action has just edged through resistance zone A. There is a sign that buyers are coming in as the TF5VCrs buy volume line (green) is above the sell volume line (red). It looks like the high of the day (resistance zone B) will be tested.