{"id":12427,"date":"2022-09-06T09:06:53","date_gmt":"2022-09-06T09:06:53","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12427"},"modified":"2023-05-12T09:08:56","modified_gmt":"2023-05-12T09:08:56","slug":"eurusd-neutral-within-this-zone-consider-those-break-out-levels","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/09\/06\/eurusd-neutral-within-this-zone-consider-those-break-out-levels\/","title":{"rendered":"EURUSD Neutral within this zone. Consider those break-out levels"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>The EURUSD pair got rejected today on the 4H MA50 (blue trend-line) after attempting to make a rebound within the 1.5 month Support Zone. The RSI and MACD patterns on the 4H time-frame are similar to the Bull Flag formation of July 19 &#8211; 27, where the RSI was inside a Channel Down and the MACD on a Bullish Cross. After a break above the 4H MA50, the pair eventually hit its 1.5 Fibonacci extension.<\/p>\n<p>Our target, if the price closes above the 4H MA50 again, is the 1D MA50 (red trend-line), which is only slightly below the 1.5 Fib. On a different occasion, if the 0.98770 low breaks, expect a new Lower Low on the -1.0 Fibonacci extension as with the mid August drop.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/EURUSD\/GwV8XJ9W-EURUSD-Neutral-within-this-zone-Consider-those-break-out-levels\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/EURUSD\/GwV8XJ9W-EURUSD-Neutral-within-this-zone-Consider-those-break-out-levels<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The EURUSD pair got rejected today on the 4H MA50 (blue trend-line) after attempting to make a rebound within the 1.5 month Support Zone. The RSI and MACD patterns on the 4H time-frame are similar to the Bull Flag formation of July 19 &#8211; 27, where the RSI was inside a Channel Down and<\/p>\n","protected":false},"author":611,"featured_media":12428,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-12427","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12427","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=12427"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12427\/revisions"}],"predecessor-version":[{"id":12430,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12427\/revisions\/12430"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12428"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}