EURUSD HOLDS BULLISH MOMENTUM📈
24 July I wrote about bearish divergence in EURUSD. Now we see that this resulted into decline towards sma200 on 30-m chart. Currently the price is rebounding from this moving average.
What is the sma200?
The sma200 is a technical indicator that calculates the average closing price of a forex pair or crypto over the past 200 trading periods. It’s used to identify long-term trends, smooth out short-term price fluctuations, and determine potential support or resistance levels.
There is high possibility that the price will continue its way towards local resistance of 1.18300.
24 July I wrote about bearish divergence in EURUSD. Now we see that this resulted into decline towards sma200 on 30-m chart. Currently the price is rebounding from this moving average.
What is the sma200?
The sma200 is a technical indicator that calculates the average closing price of a forex pair or crypto over the past 200 trading periods. It’s used to identify long-term trends, smooth out short-term price fluctuations, and determine potential support or resistance levels.
There is high possibility that the price will continue its way towards local resistance of 1.18300.
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Telegram Channel: t.me/forextradersliveofficial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel: t.me/forextradersliveofficial
Telegram Channel: t.me/forextradersliveofficial
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.