On the
daily chart of the EUR/USD we can see a Golden Cross of the 55 day exponential
moving average above the 200 day exponential moving average. The cross has
bullish implications and it is possible for the pair to continue going higher.
Above the 1.1200 level, the pair may try to go and visit the 1.1300 level.
Below the 200 day EMA, the 1.1000 could act as support. The bullish trend is
still in place and if the Dollar pulls back, then this pair may continue higher
towards the 1.1300 level.
Thank you for the analysis.
ReplyDeleteGood point! I´ll be watching to those levels.
ReplyDeleteYellen's speech pushed the pair to climb higher.
ReplyDeleteGreat analysis.
ReplyDeleteVery informative article, thanks for sharing!
ReplyDeleteYellen's speech pushed the pair higher.
ReplyDeleteGood post.
ReplyDelete