tayalsmith
Long

EUR/USD trend

FX:EURUSD   Euro / U.S. Dollar
25 0 0
The secondary trend of EURUSD             is sideways on charts. In its 4 hourly chart, the pair is not sustaining at lower levels. Prices are consolidating with strong positive bias and its 30 and 200 DMA are also providing support to the prices indicating the further up-trend. If it breaks its resistance level of 1.1390 & sustains above it then it is expected to show further upward movement in next few days.

INDICATORS:-
RSI - Prices are sustaining in buying territory, supporting the upside movement in the market.
MACD is sustaining in buying territory, supporting the upside movement in the market.

STRATEGY:- EURUSD             is looking bullish on charts for next few trading session. One can go for buy on dips strategy for this pair for intra day to mid term positions.
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