A close at H1 20EMA triggers enough momentum for 50EMA crossover as we look to maintain zone until divergence.
Given yesterday's spread we can assume short-term bullish continuation by holding above the daily close marker of 1617; this is also the location of H1 200EMA and H4 short-term EMAs.
If successful we'll likely see another push towards 1645-1650. However if H4 MACD converges we could drop back to mid-1500s.
www.tradingview.com/chart/gDBkksfy/
Given yesterday's spread we can assume short-term bullish continuation by holding above the daily close marker of 1617; this is also the location of H1 200EMA and H4 short-term EMAs.
If successful we'll likely see another push towards 1645-1650. However if H4 MACD converges we could drop back to mid-1500s.
www.tradingview.com/chart/gDBkksfy/
