This week we will see the EMA (50,100,200) and MACD,RSI for various diagrams.
The EURUSD 4H technical analysis training diagram shows the following:
EURUSD consolidates from 1.336 to 1.339. It reacted exactly on EMA 50. The market is bearish as EMA 50 is under EMA 100 that is under the EMA 200. The fib shows that 2.618 is a support line.
MACD has given a bull sign and RSI too.
On the other hand EMA 100 is a resistance.
Long for EMA 100 first and EMA 200 secondly or 1.618 of fib. Stop loss under EMA 50 (and short) or under the support line.
(If you long watch the EMA 100 carefully for a decline!!)
The EURUSD 4H technical analysis training diagram shows the following:
EURUSD consolidates from 1.336 to 1.339. It reacted exactly on EMA 50. The market is bearish as EMA 50 is under EMA 100 that is under the EMA 200. The fib shows that 2.618 is a support line.
MACD has given a bull sign and RSI too.
On the other hand EMA 100 is a resistance.
Long for EMA 100 first and EMA 200 secondly or 1.618 of fib. Stop loss under EMA 50 (and short) or under the support line.
(If you long watch the EMA 100 carefully for a decline!!)
