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EURUSD: When the Bull lost momentum

FX:EURUSD   Euro Fx/U.S. Dollar
581 2 5
I in fact was very surprised about the sharp decline of EURUSD             tomorrow while I still bet on the BULL of EUR.

But when the fact changes, we should change too.

And what is the fact ?.

Look at on the chart.

Two leading indicators: MACD + RSI

-MACD cut Signals in the MACD indicator ----> Bearish

- RSI: reject the resistance at 60, Tried to break this level for one month but unfortunately, it 's failed and now I see RSI is move down ---> lost bullish momentum .

EURUSD             now stop at SMA50 + EMA50 + Kumo cloud.

With the signals come from leading indicator, I expect EURUSD             extene the lose further to below Kumo cloud at 1.0900

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PooyaSalehipour
2 years ago
heh
Reply
PooyaSalehipour PooyaSalehipour
2 years ago
1.12300 NOW.. i thought its a bearish but it did not happen .
Reply
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