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MA Cross

MA Cross | 21 August 2018

21 August 2018, EUR/USD

MA Cross

Technical Observation

Eur is currently trading with an increasing bullish bias momentum. Yesterday, the 152 Simple Moving Average went below the fast Moving Averages. While the [price remains above these MAs, I expect a possible spike to the upper side with my first take profit at 1.1635. If you're not already in a long position by now, you could wait for a slight retracement towards 1.1435 to pick a low risk buy opportunity. As it is on the hourly chart, only buy positions can be advised, but should the price break below the slow Moving Average, then this will an ideal place to look for a sell position.

Trade Signal.

still long towards 1.1635

101% Double the volume

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Imelda Maseno
Analyst of «FreshForex» company
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