-
EURUSD looks bearish despite recent bounce off 23.6% Fibonacci
EURUSD is trying to push over the upper boundary of the Ichimoku cloud at 1.1063 after the drop on November 4 bounced off the 1.1005 support, which is the 23.6% Fibonacci retracement of the down leg from 1.1411 to 1.0878. However, the bearish crossover by the downward sloping Tenkan-sen line leans toward a down move, while the turn back down in the 20-day simple moving average (SMA) reinforces the bigger negative picture. The short-term oscillators are still in the negative region but suggest some improvement in the price. The MACD, despite having distanced itself below its red trigger line and into the negative ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Nov 18, 2019 7:02am Nov 18, 2019 7:02am
- echo1
- | Joined Jun 2018 | Status: Member | 173 Comments
- Comment #2
- Quote
- Nov 18, 2019 7:23am Nov 18, 2019 7:23am
- NotAtrader
- Joined Oct 2016 | Status: NotAtrader, A Money Machine. | 3545 Comments
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
- Comment #3
- Quote
- Nov 18, 2019 8:14am Nov 18, 2019 8:14am
- mmforexinfo
- | Joined Jan 2012 | Status: Member | 305 Comments