EURUSD: 1D MA50 closing is critical. See our trading plan.

13 במרץ 2023We took a bold buy last week on the 1D MA100 against popular sentiment as we didn't just see this as a long term Support but also the HL trend line. The price is now back above the 1D MA50 and its closing is key as 1D turned green again (RSI = 56.889, MACD = -0.002, ADX = 28.193) and above it targets not only R2 (1.08050) but also the HH trend-line).

Be patient with this rise and once the 1D RSI hits the 65.000 - 70.000 zone, we expect a pull back to former R1 (1.06950). That will be our new long position (TP = 1.08500).

P.S. Last week's buy:

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