August 20, 2015

EURUSD Moves above 200 Day SMA

  • EURUSD Daily shows price moving above 200 Day SMA. Bulls need a close above this line to extend the up move. Immediate resistance seen in 4 Hour chart. This level must be crossed for price to move towards the Daily range top which is shown in last chart.

1 comment:

  1. love the update, the market is raveling down it seems in GLOBEX> ooops!

    There is so much bearishness out there right now, everyone thinking this market will crash to zero. However this guy from OZ ==> is saying look to the market psychology, as this might be a nice dip to buy soon, one could make off like a bandit!!!

    High-correlation environments, like the markets have seen since the Great Recession and the Federal Reserve's aggressive intervention efforts, present challenges to active managers and those looking to employ diversified portfolios. Correlations among the S&P 500's 10 sectors peaked at 95 percent in 2011, meaning almost perfect movements in the same direction, according to Convergex, a New York-based brokerage.