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EURUSD is currently rallying around 1.08473. On the Daily Chart , the previous candle closed below the previous 52 Period Exponential Moving Average.
This is a possible Indication that we are in an active Down trend . This trend is supported by the fact that the price is above the previous day's Lowest Low 1.08286. While we continue to see a sustained move above 1.08286 we expect a surge much Higher with an Ideal Target at 1.06691. At this point, Sell Positions looks ideal and can be recommended with an ideal take profit 1.04987
from freshforex
EURUSD is currently rallying around 1.08473. On the Daily Chart , the previous candle closed below the previous 52 Period Exponential Moving Average.
This is a possible Indication that we are in an active Down trend . This trend is supported by the fact that the price is above the previous day's Lowest Low 1.08286. While we continue to see a sustained move above 1.08286 we expect a surge much Higher with an Ideal Target at 1.06691. At this point, Sell Positions looks ideal and can be recommended with an ideal take profit 1.04987
from freshforex
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