A lot going on on the D1 chart at the 1.0500 level
Price at round number 1.0500
Break and retest of major trend line (see monthly and weekly chart)
50D EMA nearby
Daily (classic) pivot nearby
Daily MACD is Bullish
Double top on weekly chart
Monthly and weekly chart show break down and retest of lower line bearish ascending triangle. Needs retest and confirmation of trend reversal
One to leave for the weekend and watch next week.
Price at round number 1.0500
Break and retest of major trend line (see monthly and weekly chart)
50D EMA nearby
Daily (classic) pivot nearby
Daily MACD is Bullish
Double top on weekly chart
Monthly and weekly chart show break down and retest of lower line bearish ascending triangle. Needs retest and confirmation of trend reversal
One to leave for the weekend and watch next week.
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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.