EUR/USD Morning Technical Report 25/11/2015
ecPulse
2015-11-25 12:26PM UTC
EURUSD declined strongly, trading below 1.0605-1.0600, while a break below this level is available now. Failure to stabilize above moving average is a negative signal that argues us to be bearish now.
Not, recommendation added in the yellow area for subscribers.
During writing this report, EURUSD is attempting to hit the resistance of the bearish trend above SMA20, but it is still capped by SMA50.
Trading below 1.0730 can’t confirm the bullish tendencies; thus, we will be neutral, as signs on ADX and RSI remains unconfirmed.
Stable move above SMA50 and 1.0730 will be bullish, while coming below 1.0600 is bearish.
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