EURUSD crossed under the 4hour MA50 and the downside can be more
EURUSD got rejected at the top of its multi month Channel Up and crossed today under the 4hour MA50 for the first time since the bullish break out of July 7th.
This pull back looks so far quite the same as June 22nd/23rd. The 4hour RSI almost got oversold as then.
If the 0.382 holds, we may see a Falling Wedge consolidation before the new leg up to the -0.618 Fibonacci extension.
If the 0.382 breaks, sell and target the 4hour MA200, which provided the rebound on July 6th. Buy there and target 1.12750.
Previous chart:
Follow us, like the idea and leave a comment below!!
This pull back looks so far quite the same as June 22nd/23rd. The 4hour RSI almost got oversold as then.
If the 0.382 holds, we may see a Falling Wedge consolidation before the new leg up to the -0.618 Fibonacci extension.
If the 0.382 breaks, sell and target the 4hour MA200, which provided the rebound on July 6th. Buy there and target 1.12750.
Previous chart:
Follow us, like the idea and leave a comment below!!
TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.