EURUSD: Short term update. 1H MA50 holding.

Short term update for EURUSD on the 1H timeframe whose technicals are neutral (RSI = 45.855, MACD = 0.000, ADX = 34.784). The reason is this very well structured Channel Up that has just tested the 1H MA50. If it holds, target the 0.382 Fibonacci (TP = 1.0800). If the 1H MA200 breaks, start targeting the 0.5 Fibonacci and 0.618 Fibonacci.

Short term strategy only. Invalidation below the 1D MA50.


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