The EURUSD's Momentum Pushes To The Upside
The above charts are of the EURUSD. The left chart shows the daily time frame. Here the currency pair is above its black 20-day SMA and the SMA is heading up. Moreover, the daily RSI is on the bullish side of 50 (green rectangle). The right chart shows the hourly time frame. Here the EMAs are bullish and are showing angle and separation, with the short-term RSI above 50 (blue rectangles). These are signs of an underlying upwards momentum and as long as the EMAs hold angle and separation, the trajectory is likely to move price upwards.
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