xosignals

#EURUSD, Is that the moment we leave the descending channel?

Long
FX_IDC:EURUSD   Euro / U.S. Dollar
The EURUSD has reached the target we set out in the previous review, and as we expected the EURUSD has broken the average moving line 100, and now the average moving 200 as well.
The EURUSD is facing a stiff resistance line, a channel that has been declining since May 2018.
So what actually changed? This time we will recommend buying (unlike the previous times that EURUSD was in this position) and the reason is lowering interest rates in the United States (0.5%)
Target: 1.1330
This is a very careful signal, we will continue to follow
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.