Can someone please help me with my analysis of this 4 hour euro chart.
I see the following:
1. MACD - above water line and resting below the 0.0015 marker. Looking at it I think it has met resistance and is going to come down towards the W/L.
2. A T/L crosses thru the 89MA and the candle is sitting below the 89 MA and the T/L - I interpret this to be support
3. Todays high is in the 1.3432 area and the candles are resting below T/L
I would really appreciate if someone could please comment my analysis.
Thanks
Lynn
I see the following:
1. MACD - above water line and resting below the 0.0015 marker. Looking at it I think it has met resistance and is going to come down towards the W/L.
2. A T/L crosses thru the 89MA and the candle is sitting below the 89 MA and the T/L - I interpret this to be support
3. Todays high is in the 1.3432 area and the candles are resting below T/L
I would really appreciate if someone could please comment my analysis.
Thanks
Lynn
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