EUR/USD update - how to trade
-market price currently in down correction and searching first support
-100 day moving average going to cross 200 day moving average which implements further down movement
-volume going down slowly which implements further down movement
-wait for confirmation before entering this trade
-RSI showing some bullish trend line support which has to be confirmed by another up move
The struggle for Britain's exit from the European Union had reached another peak at Friday. The British Parliament again rejected the government-negotiated treaty with the EU. The pound then came under some pressure. Brexit without a contract on 12 April will be more likely. On Monday, Parliament wants to consult again.
Friday afternoon economic data from the US caused some movement in the markets. The mood of US consumers had brightened more than expected in March. Also, the number of new buildings was more attracted than thought.
By contrast, economic data from the eurozone did not trigger any major price movements. In Spain, the economy had grown somewhat weaker than expected at the end of 2018. In France, inflation declined slightly more than expected.
-100 day moving average going to cross 200 day moving average which implements further down movement
-volume going down slowly which implements further down movement
-wait for confirmation before entering this trade
-RSI showing some bullish trend line support which has to be confirmed by another up move
The struggle for Britain's exit from the European Union had reached another peak at Friday. The British Parliament again rejected the government-negotiated treaty with the EU. The pound then came under some pressure. Brexit without a contract on 12 April will be more likely. On Monday, Parliament wants to consult again.
Friday afternoon economic data from the US caused some movement in the markets. The mood of US consumers had brightened more than expected in March. Also, the number of new buildings was more attracted than thought.
By contrast, economic data from the eurozone did not trigger any major price movements. In Spain, the economy had grown somewhat weaker than expected at the end of 2018. In France, inflation declined slightly more than expected.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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