New York Session Watch - ‪EURUSD‬

FX:EURUSD   Euro / U.S. Dollar
164 0
EUR/USD has broken its down sloping trendline from todays London session. We could potentially see the price rise higher from here to the 1.3215 resistance level . The overall long term trend for Euro is still down as all the short term moving averages (10 and 20) continue to stay below the long term moving averages (50,100 and 200). The tenken-sen on the other hand is trying to cross above the Kijun-sen which could add weight to the bulls here. Before the price broke the down sloping trendline , it hit the lower end of bollinger band . The parabolic SAR indicator is supporting this upside movement as well thus we may have long opportunity in todays New York session.
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