EURUSD-Daily - Downtrend weakening
Between May 2018 and September 2018, the 100 day simple moving moving average was tested just once.
Since then (Sep 2018 - Apr 2019), it has been tested 4 times signaling a weakening of the downtrend.
Wait for confirmation:
* cross of SMA50 above SMA100
* breakout above the 1.14755 resistance level
* establishment of a higher-high
To buy long and ride the up wave.
Since then (Sep 2018 - Apr 2019), it has been tested 4 times signaling a weakening of the downtrend.
Wait for confirmation:
* cross of SMA50 above SMA100
* breakout above the 1.14755 resistance level
* establishment of a higher-high
To buy long and ride the up wave.
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