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EURUSD: 4H MA200 bounce, currently 4H MA50 as Resistance

Yesterday's buy is so far working out perfectly as EURUSD bounced exactly after touching the 4H MA200 (1.05278) and just hit the 4H MA50 (1.06355), which is the short-term Resistance. I am now booking my profit as it is substantial for one day and with the 4H technicals turning from oversold to neutral (RSI: 47.296, MACD: -0.002, ADX: 37.053), I will either buy upon a pull-back at 1.05380 or after a 4H candle closes above the 4H MA50.

Again, if the price closes below the 4H MA200, I will take that small loss and open a sell targeting the 1D MA50 (1.03843 and rising) which as I've mentioned many times is the long-term Support and buy entry for me. My attention fundamentally is on the FOMC Meeting Minutes today and more importantly the Non-farm Payrolls on Friday.

InvestingScope

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Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.

InvestingScope

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