EURUSD: Crossed over the 3 month LH, testing the 1D MA50.

23 Eki 2023

EURUSD turned bullish on the 1D timeframe (RSI = 56.634, MACD = -0.002, ADX = 25.303) as it made a major breakout by crossing above the LH trendline that originated on the July 18th High. The current short term Channel Up is about to test the 1D MA50 for the first time since August 11th. If it closes the 1D candle over it, we will buy and target the 1D MA200 (TP = 1.0800). On a different occasion, we will buy near the bottom of the Channel Up and target the R1 level (TP = 1.07375).

See how well our prior idea has worked:

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