$EURUSD | 2HR EMA Signaling a recovery

2 thg 6, 2018

• The 2hr price trend is now bullish as a result of the 28 EMA having crossed over the 49 EMA trend line. Should the crossover hold it's pattern, the price action has shown an argument of self reparation mechanism of action which could put it at the beginning of a new bull cycle.
  
  
• The cross over has generated a possible buy signal to challenge the resistance pivots at $1.1726, $1.1828 & 1.1985 over the next few weeks.