EURUSD Prediction Analysis 8 Nov
as per the previous analysis EURUSD took support from the 1-D TF but right now it's trading on 200 EMA Resistance level.
EURUSD moving in the Rising Wedge unless it breaks to upside it is supposed to move inside the rising wedge.
Reason:
Verdict:
Partially Bullish in Rising Wedge
Plan of Action:
Buy when it takes support to downside.
EURUSD moving in the Rising Wedge unless it breaks to upside it is supposed to move inside the rising wedge.
Reason:
- 200 EMA Resistance upside.
- RSI is 40-60 Range Seems Sideways.
- 4H TF downside seems to provide a good support zone.
- Price > EMA(13,50,200) 4H-TH
- Moving in Rising Wedge
Verdict:
Partially Bullish in Rising Wedge
Plan of Action:
Buy when it takes support to downside.
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