The Euro has potential to push higher today against the dollar as it has been in consolidation between 1.19200 and 1.19400 . Price has also held along the 61.8 Fib retracement level and formed a triple bottom. In addition the 1 hour EMA has crossed over and the 4hour EMA looks to just be about to cross over as well. Looking for a powerful candle out of the consolidation area and a 4hour EMA cross and close before entering a long position with a stop just below the support of the triple bottom at around the 1.19080 level First target would be the previous high of 1.19900 Second: 1.12200 Third 1.12600
Anmerkung
Trade back in NEUTRAL territory. Weekly, daily, 4hour and 1 hour EMAs all slopping downwards signalling bearish momentum. If price breaks below the 0.618 fib level and closes. we can expect further movement to the downside.
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