- May 6, 2021
- Posted by: Tradingshot Articles
- Category: Forex
EURUSD has just rebounded off its Higher Lows trend-line, a Support line that has been holding since the start of April. If we get a 4H candle closing above the 4H MA50 (blue trend-line), then the price should aim at 1.22400, which is the February 25 High.
As you see the symmetry has been near perfect for EURUSD not just on the Lower Highs of Feb-March turning into Resistances and Higher High, but also how the April Higher Lows trend-line is fairly symmetrical to the Lower Lows trend-line of January, February, March.
Also notice how the 4H MACD just made a Bullish Cross.