YuriyFyedin

EUR/USD goes below the 50 day exponential moving average

FX:EURUSD   Euro / U.S. Dollar
Red candlestick is below the 50 exponential Moving average - orange line. This a monthly chart. If you look in the past, you would notice that in most of the cases when EUR/USD went below the 50 exponential moving average, it went really low in the future. Also stochastic RSI is at the top of the world, and usually when this happens as history shows it, then the price of the currency pair goes really down.
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