For the first time since August, the Euro has printed a Golden Cross — the 50-day moving average (SMA) has just crossed above the 200-day SMA.
This is one of the most well-known technical signals, often interpreted as a bullish shift in trend. Here's why this is worth watching:
✅ Strong momentum leading into the cross
✅ EUR/USD breaking above recent resistance levels
✅ Long-term downtrend possibly reversing
But remember: Golden Crosses don’t guarantee sustained upside. Many are followed by consolidation or even bull traps — volume and confirmation matter!
📈 Could this be the beginning of a bigger move in the Euro? Time to zoom in.
This is one of the most well-known technical signals, often interpreted as a bullish shift in trend. Here's why this is worth watching:
✅ Strong momentum leading into the cross
✅ EUR/USD breaking above recent resistance levels
✅ Long-term downtrend possibly reversing
But remember: Golden Crosses don’t guarantee sustained upside. Many are followed by consolidation or even bull traps — volume and confirmation matter!
📈 Could this be the beginning of a bigger move in the Euro? Time to zoom in.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.