Monday, March 28, 2016

Golden Cross on the EUR/USD

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.


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