The Euro Set To Move Lower Vs The U.S. Dollar
Euro / U.S. Dollar (EURUSD) is now set to move lower based on multiple chart signals.
Here, on the left side of the chart, we have a break above EMA300 followed by a drop.
Currently, we are seeing the same scenario taking place.
We can see prices breaking above EMA300 while printing a lower-high.
The MACD is showing a bearish cross while trending lower.
If EMA300 breaks, 1.15813, we can expect much lower prices for the EURUSD chart.
Namaste.
Here, on the left side of the chart, we have a break above EMA300 followed by a drop.
Currently, we are seeing the same scenario taking place.
We can see prices breaking above EMA300 while printing a lower-high.
The MACD is showing a bearish cross while trending lower.
If EMA300 breaks, 1.15813, we can expect much lower prices for the EURUSD chart.
Namaste.
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