This is important for the EURUSD and the USDJPY technically. Watch and learn. ...Middle East

IN the kickstart video from earlier today, when looking at the EURUSD and the USDJPY, I outlined that the 5-minute chart would help discern an extreme. For the EURUSD the price needs to get above its 100 bar moving average and then 200 bar MA to show that the buyers could take back some control. For the USDJPY, the opposite was the case. More specifically, the 100 and 200-bar moving averages needed to be broken on the top side.What happened?For the EURUSD, the price did move lower in the early US session and in the process, retested its rising 100 bar moving average. Buyers leaned against that level and bounced the price higher. Going forward, getting below the 100 bar moving average is st

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Last updated : 05 August 2024 clock 06:29 PM

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This is important for the EURUSD and the USDJPY technically. Watch and learn. ...Middle East

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