The moving average cluster around 113 of the 8, 34, and 50 day MA's have stopped every rally for a week in its tracks. Rejection should push down to 1.1220, the 100 day MA, and then the lower trend line.
Watch the MA cluster, a close above that area and we rocket north.
Watch the MA cluster, a close above that area and we rocket north.
Note
Eurusd really breaking down now, crucial to watch that longer term trend line at 111.60.
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Related publications
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.