EUR/USD Weekly Technical Report 5/10/2015
ecPulse
2015-10-05 11:10AM UTC
EURUSD shows bullish tendencies, but ADX remains weak, as all its lines stays below the 25.00 levels.
Trading above the minor support-red- and above moving averages 20 and 50 is classified as a positive signal, while any trading above 1.1150 is a good signal, but we need a breakout above 1.1240 to prove the strength of the trend.
RSI trades above 50.00 and thus, we will be positive as far as 1.1150 holds.
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