A FOURTH ATTEMPT FOR EURUSD TO STAY ABOVE 200MA IN WEEKLY CHART
We will be watching around the area from 1.14423 to 1.11872 levels which is somewhere in confluence to 50% FIBO level and 200MA.
We will anticipate the trend to start from that area if the price react successfully and hold above 200MA.
The 1.25460 level will be the breakaway point or the price will form a head&shoulder pattern at 1.20271 level.
Caveat.
We will anticipate the trend to start from that area if the price react successfully and hold above 200MA.
The 1.25460 level will be the breakaway point or the price will form a head&shoulder pattern at 1.20271 level.
Caveat.