200 days MA holds as support - What's next
Last week EURUSD was saved last Friday following NFP and again the price bounced from the 200 days MA line.
The price is between 3 MA lines - 200 DAYS as support and 50 & Fast as resistance.
Notice the Triangle pattern that I've added this week - Breakout scenarios are shown at the chart.
A close below the 200 days MA line will send EURUSD towards pattern completion near 1.1
A close above the Triangle will drive EURUSD towards 1.13 and 1.14 again.
Read more in my weekly newsletter (see link in signature)
The price is between 3 MA lines - 200 DAYS as support and 50 & Fast as resistance.
Notice the Triangle pattern that I've added this week - Breakout scenarios are shown at the chart.
A close below the 200 days MA line will send EURUSD towards pattern completion near 1.1
A close above the Triangle will drive EURUSD towards 1.13 and 1.14 again.
Read more in my weekly newsletter (see link in signature)
Comment:
With the Dollar Index (DXY) above 98$ and EURUSD with bearish weekly close... EURUSD may continue down towards 1.08 to complete a bigger harmonic pattern.
Read more - goo.gl/gtBPwF
Read more - goo.gl/gtBPwF
1.1 is what stands in EURUSD's way towards 1.08 to complete a bigger Gartley pattern.
1.1 can lead to a pullback towards 1.15-1.2
See more details here www.youtube.com/watch?v=gwS73o4M...