EURUSD To Hit 1.1000?
👋 Hey Traders
So it would seem that the EURUSD is on quite a run, however, after just hitting the daily 50 MA, could we see a possible reversal to the downside? or a will the buyers continue to push price further up?
Personally I think it to be the latter, considering the positive momentum we have on the daily timeframe, and possible positive momentum coming in from the weekly.
This bias can only be confirmed if we have a successful break of the daily 50 MA, until then we are hovering around a relatively strong area of dynamic resistance.
So it would seem that the EURUSD is on quite a run, however, after just hitting the daily 50 MA, could we see a possible reversal to the downside? or a will the buyers continue to push price further up?
Personally I think it to be the latter, considering the positive momentum we have on the daily timeframe, and possible positive momentum coming in from the weekly.
This bias can only be confirmed if we have a successful break of the daily 50 MA, until then we are hovering around a relatively strong area of dynamic resistance.
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