Here's a brief update on EUR/USD cross.
The main downtrend channel broke and what was earlier a difficult to break ceiling, the 200 days EMA, is now playing the role of a support.
Its role can be shown in the 200 EMA rejection that happnened (with consistent volumes) today.
Overall the trend seems a bullish one but the macroeconomic situation (Italian situation, trade war...) can deeply affect the future developments of the cross.
***As usual, not a trading advice but merely my idea for informational and educational purposes only***
The main downtrend channel broke and what was earlier a difficult to break ceiling, the 200 days EMA, is now playing the role of a support.
Its role can be shown in the 200 EMA rejection that happnened (with consistent volumes) today.
Overall the trend seems a bullish one but the macroeconomic situation (Italian situation, trade war...) can deeply affect the future developments of the cross.
***As usual, not a trading advice but merely my idea for informational and educational purposes only***
