SignalTradersUK

EUR/USD Weekly Updated

Long
FX:EURUSD   Euro / U.S. Dollar
0
MACD is above 0
MACD /Signal is above 0
MACD is making higher highs and higher lows, currently no Divergence
Price is Above 1.3000
Price is Above 8 ema
Price broke down trend line
Price is Above up trend line , has tested 3 times. 4 would make the line even stronger, assuming it held.
CCY pair has been ranging here for over 3 years, has tested the low last year, could be set to test the highs of 1.4000 then 1.5000

If the 8ema were to break and weekly price hold under that, blue trend line with arrow would be the next target. Then 1.3000 , all of which will prove to be a very hard slog to get through cleanly.
There is pretty much blue sky up to 1.4000 when we break the 1.3400 significant horizontal.

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