200 EMA playing support
Here's a brief update on EUR/USD cross.
The main downtrend channel broke and what was earlier a difficult to break ceiling, the 200 days EMA, is now playing the role of a support.
Its role can be shown in the 200 EMA rejection that happnened (with consistent volumes) today.
Overall the trend seems a bullish one but the macroeconomic situation (Italian situation, trade war...) can deeply affect the future developments of the cross.
***As usual, not a trading advice but merely my idea for informational and educational purposes only***
The main downtrend channel broke and what was earlier a difficult to break ceiling, the 200 days EMA, is now playing the role of a support.
Its role can be shown in the 200 EMA rejection that happnened (with consistent volumes) today.
Overall the trend seems a bullish one but the macroeconomic situation (Italian situation, trade war...) can deeply affect the future developments of the cross.
***As usual, not a trading advice but merely my idea for informational and educational purposes only***
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.