Bullish Price-Indicator Crossover in EUR/USD

Bullish Price-Indicator Crossover in EUR/USD

1 June 2016, 14:08
Roberto Jacobs
0
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Bullish Price-Indicator Crossover in EUR/USD

A bullish crossover between the EUR/USD current rate and its 200-hour SMA has been detected.

The ascending EUR/USD price finds itself en route to the 800-SMA, which carries an equal resistance to the 200-SMA on 4hr charts. Such a price-indicator cross has not occurred at least for a week on this time frame, highlighting its significance.


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