EURUSD 4H (17.08.2014) Technical Analysis Training EMA

FX:EURUSD   Euro / U.S. Dollar
300 2
This week we will see the EMA (50,100,200) and MACD , RSI for various diagrams.

The EURUSD 4H technical analysis training diagram shows the following:

EURUSD consolidates from 1.336 to 1.339. It reacted exactly on EMA 50. The market is bearish as EMA 50 is under EMA 100 that is under the EMA 200. The fib shows that 2.618 is a support line.
MACD has given a bull sign and RSI too.
On the other hand EMA 100 is a resistance.

Long for EMA 100 first and EMA 200 secondly or 1.618 of fib. Stop loss under EMA 50 (and short) or under the support line.
(If you long watch the EMA 100 carefully for a decline!!)
thanks dimitris
I am glad if it helps. Good luck.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out