EUR/USD -4/4/2023-
• Bullish trend intact
• Ascending channel
• Higher highs higher lows both on the price chart and MACD confirming the trend
• MACD in positive territory
• Price above 50 and 100 SMA with bullish crossover, fast MA crossing above the slow one
• Bulls need to overcome the 1.0930 resistance level
• Next target above that level will be 1.1030
• Ascending channel
• Higher highs higher lows both on the price chart and MACD confirming the trend
• MACD in positive territory
• Price above 50 and 100 SMA with bullish crossover, fast MA crossing above the slow one
• Bulls need to overcome the 1.0930 resistance level
• Next target above that level will be 1.1030
Ramzi Abou Abdallah, CFTe, CMT
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