EURUSD Long Breakout
Testing key support line at 1.06964 (pink line).
Price moving in a downward channel.
Price may rebound off the bottom of the channel.
RSI is showing currency is edging towards oversold.
Possible trend reversal from the key support.
Look for confirmation from higher volume.
Also look for EMA 4 to cross EMA 9 upwards for extra confirmation.
Price moving in a downward channel.
Price may rebound off the bottom of the channel.
RSI is showing currency is edging towards oversold.
Possible trend reversal from the key support.
Look for confirmation from higher volume.
Also look for EMA 4 to cross EMA 9 upwards for extra confirmation.
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.