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Euro / U.S. Dollar
Short

EURUSD Reacts Off Of Daily SMA

488
The left charts shows the EURUSD daily time frame. The pair is reacting off of the black 20-SMA and the SMA is heading down (blue square). The daily RSI is on the bearish side of 50 (bright green rectangle). The right chart shows the hourly time frame. Here we see that the EMAs have crossed down and that the hourly RSI has dipped below 50 (green ellipses). These are bearish developments. If the EMAs develop angle and separation than the EURUSD's downwards momentum will be increasing.
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Bearish PatternsEURUSDForexforextradingFXCMindexTechnical IndicatorsOscillatorsshortTrend Analysis

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Bearish PatternsEURUSDForexforextradingFXCMindexTechnical IndicatorsOscillatorsshortTrend Analysis
FXCM
Broker
Follow and Trade this analysis from your Charts. FXCM now Integrated with TradingView. Contact FXCM for more information.
Also on:

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.