EUR/USD: buy 20 day MA - target 7 day MA

68
Our EUR/USD selling strategy has worked perfectly since the major resistance at 1.0950.

A short-term rebound could now occur at the first support, which will be reinforced by the ascending 20-day MA at the beginning of the week around 1.0760.

Our target will be the 7-day MA. A bearish break of 1.0730 would cancel this scenario, the target would then be 1.0660.

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.