EURUSD Short term rebound possible.
EURUSD is testing its 4hour MA50 after consolidating all day yesterday around the 1.0300 level.
Based on the 4hour MACD, we have a consolidation similar to January 16th-17th, which ended up forming Resistance B.
As we just formed the 2nd Bullish Cross on the 4hour MACD, we expect a similar rise to take place.
Buy and target 1.04375, which is the bottom of Resistance A.
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Based on the 4hour MACD, we have a consolidation similar to January 16th-17th, which ended up forming Resistance B.
As we just formed the 2nd Bullish Cross on the 4hour MACD, we expect a similar rise to take place.
Buy and target 1.04375, which is the bottom of Resistance A.
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.