LONG TERM OVERVIEW ( 6 to 12 Months )
Depends on US Dollar Strength (DXY).
The Bullish trend in EURUSD seems
to have weakened we are in a Bearish trend .
We need to close above
-- 200-Day SMA, 100-Day SMA and
50-Day SMA to start defining a sustained bullish trend.
we tested the top of the Descending Channel at 1.25532
and since then we have dropped to 1.1298
and bounced to 1.1830 then came back to 1.1334 .
Most likely we will test 1.1298 again before anything develops.
Current Trend as per 28th October 2019 == BEARISH
Depends on US Dollar Strength (DXY).
The Bullish trend in EURUSD seems
to have weakened we are in a Bearish trend .
We need to close above
-- 200-Day SMA, 100-Day SMA and
50-Day SMA to start defining a sustained bullish trend.
we tested the top of the Descending Channel at 1.25532
and since then we have dropped to 1.1298
and bounced to 1.1830 then came back to 1.1334 .
Most likely we will test 1.1298 again before anything develops.
Current Trend as per 28th October 2019 == BEARISH
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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.