- March 24, 2023
- Posted by: Tradingshot Articles
- Category: Forex
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The EURUSD pair is executing our long-term well as explained on this idea earlier this month:
After correcting the very aggressive rise on the day of the Fed Rate Decision, the price now found Support on the 4H MA50 (blue trend-line). With the price past a 4H Golden Cross and the 4H RSI supported on Higher Lows, this is a low risk buy entry. Our target is 1.10300 (Resistance 4).
Tradingview link:
https://www.tradingview.com/chart/EURUSD/mUKH4rkf-EURUSD-Supported-on-the-4H-MA50-Buy-signal