The main bullish trend has been broked the last few days and, since Oct 17, EURUSD headed towards 1.43 with 50 and 200 EMA that are close to crossing in the 1h chart.
A crossing of the two would suggest a continuation of the already marked bear channel that could take the price to around 1.43.
Such a target price could be supported by nowadays Eurozone issues (mostly the italian situation) that are undermining the stability of Euro.
***As usual, not a trading advice of any sort. Merely my idea for informational and educational purposes only***
A crossing of the two would suggest a continuation of the already marked bear channel that could take the price to around 1.43.
Such a target price could be supported by nowadays Eurozone issues (mostly the italian situation) that are undermining the stability of Euro.
***As usual, not a trading advice of any sort. Merely my idea for informational and educational purposes only***
