The Euro Set To Move Lower Vs The U.S. Dollar

28 בספט׳ 2020

Euro / U.S. Dollar (EURUSD) is now set to move lower based on multiple chart signals.

Here, on the left side of the chart, we have a break above EMA300 followed by a drop.

Currently, we are seeing the same scenario taking place.

We can see prices breaking above EMA300 while printing a lower-high.
The MACD is showing a bearish cross while trending lower.

If EMA300 breaks, 1.15813, we can expect much lower prices for the EURUSD chart.

Namaste.