EURUSD LOSSES BULLISH MOMENTUM. WHERE TO GO?
The asset didn't reach the local resistance of 1.18300 and started to consolidate before reaching this level. RSI shows weakness of the impulse on 4-h chart, as well as MACD is in the red zone. Therefore, we expect the price to slowly decline towards local trendline, where SMA200 is situated.
The asset didn't reach the local resistance of 1.18300 and started to consolidate before reaching this level. RSI shows weakness of the impulse on 4-h chart, as well as MACD is in the red zone. Therefore, we expect the price to slowly decline towards local trendline, where SMA200 is situated.
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Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel: t.me/forextradersliveofficial
Telegram Channel: t.me/forextradersliveofficial
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.