EUR/USD - sell on 4H & 1M long term forecast
- price broke out of triangle on four hour chart
- price on one month chart testing 50 day moving average support, expect fast down movement to at least take profit, if market open under this line
- RSI on one month chart is sot heavy over selled and not near support area
- market on four hour chart failed to complete inverse head and shoulder formation which implements further down movement
- 100 day (blue line) and 50 day (yellow line) moving average crossed 200 day (red line) moving average after price retraced from 200 day moving average on one month chart which is bearish indicator
Good luck to all and have a great weekend.
- price on one month chart testing 50 day moving average support, expect fast down movement to at least take profit, if market open under this line
- RSI on one month chart is sot heavy over selled and not near support area
- market on four hour chart failed to complete inverse head and shoulder formation which implements further down movement
- 100 day (blue line) and 50 day (yellow line) moving average crossed 200 day (red line) moving average after price retraced from 200 day moving average on one month chart which is bearish indicator
Good luck to all and have a great weekend.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
