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mandevillean
Mar 13, 2018 1:42 AM

EURUSD Hourly Looking Up  Long

Euro Fx/U.S. DollarFXCM

Description

EURUSD appears to have completed a 5 wave downtrend with Mar. 9 (8 am) representing the low of that movement. Since then, the EURUSD has drifted higher, with the result that the 50MA is now angling upwards. This signals a change in the trend to up on the hourly chart. Improving momentum, as seen on the MACD line, also bodes well for a move higher on EURUSD.

I'll be looking for long opportunities on pullbacks.
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