Hi traders,
The EURUSD has been on a great uptrend into the close of 2019 forming a great channel. This asset is still a buy for me, but not now.
A cross of the stochastic to the bullish side and a break above the 111240 will be a bullish signal. However, there are major hurdles in the way for example, the 200MA and the monthly pivot.
In order to get bearish we need a pullback and a break of this week lows with a reasonable target, for example 110800.
Kind regards,
Aardall
The EURUSD has been on a great uptrend into the close of 2019 forming a great channel. This asset is still a buy for me, but not now.
A cross of the stochastic to the bullish side and a break above the 111240 will be a bullish signal. However, there are major hurdles in the way for example, the 200MA and the monthly pivot.
In order to get bearish we need a pullback and a break of this week lows with a reasonable target, for example 110800.
Kind regards,
Aardall