The MACD
indicator on the daily chart of the EUR/USD is getting further apart from its
signal line, red line, indicating that this could be the beginning of a bullish
trend. However, the price is currently very undecided around the 1.1300 zone,
from where it has not taken a clear direction yet. If the price continues going
higher, then the 200 day exponential moving average, which is just below the
1.1600 level, could act as a resistance. To the downside, the 1.1100 level
could act as a support, which coincides with the 55 day exponential moving
average.
Good one.
ReplyDeleteGood point! I´ll be watching to those levels.
ReplyDeleteThank you for the analysis!
ReplyDeleteThis pair is still undecided.
ReplyDeleteExcellent analysis, you hit the essence.
ReplyDeleteGreat analysis, thank you.
ReplyDeleteGood point, will follow the development!
ReplyDelete