On the 4HR we manage to find suppport on the 21 and the 50 MA respectively. However, RSI shows we topped out around d 65 over a large time frame. We are in a falling channel. If the 21MA crosses the 50MA we see more upside and use it as support. On the daily we are currently trying to break and stay above the 200MA which was just recently formed.
Note
approaching 100MA on 4hr at 1.0854 as next resistance
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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.