EURUSD: Technical correction targeting the 1D MA50.
EURUSD has started the medium term correction inside the long term Channel Up after it hit the top and made a HH. The 1D technicals may not be overbought any more but remain bullish (RSI = 60.317, MACD = 0.009, ADX = 35.910) illustrating that there is still way for the price to decline before they find a balance.
We expect that to be on the 1D MA50, unless the 1D RSI rebounds on the HL trendline. If not continue selling to the price's HL and the 1D MA50 (TP = 1.09800).
Prior idea:
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We expect that to be on the 1D MA50, unless the 1D RSI rebounds on the HL trendline. If not continue selling to the price's HL and the 1D MA50 (TP = 1.09800).
Prior idea:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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