Short/medium term analysis on EURUSD
Weekly close above 1.14 and 20MA, 8MA and 20MA crossover on daily, potential MA crossover on weekly.
We could break the bullish trend line and retest 1.05 (confluence with 38.2 FIB), or head straight to 1.1635 (confluence with -27.2 FIB). Also break of ichimoku cloud which suggests bullish momentum.
Weekly close above 1.14 and 20MA, 8MA and 20MA crossover on daily, potential MA crossover on weekly.
We could break the bullish trend line and retest 1.05 (confluence with 38.2 FIB), or head straight to 1.1635 (confluence with -27.2 FIB). Also break of ichimoku cloud which suggests bullish momentum.
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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.