EURUSD: Neutral ready to breakout either way.

yesterday

EURUSD remains marginally neutral on its 1D technical outlook (RSI = 55.284, MACD = 0.003, ADX = 28.089) as it remains supported on the 4H MA50. At the same time it is bearish below the R1 level, which forms so far a Double Top. If the price crosses above it, we will turn bullish aiming at the 1.5 Fibonacci extension (TP = 1.13000). If the price crosses under the 4H MA200, we will turn bearish aiming at the S1 level (TP = 1.10000).

The 1D RSI is crossing under its MA trendline, which suggests that a bearish move is more likely, similar to every time this took place since June.

See how our prior idea has worked out:

EURUSD: Channel Down expected to bottom & give a buy opportunity

## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##

InvestingScope

Telegram: t.me/investingscope
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

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.