EURUSD hit the 1D MA200 for the first time since May!

9 mar 2021

Pattern: Channel Up on 1D.

Signal: Buy as the price not only (almost) hit the 1D MA200 (orange trend-line), for the first time since May 28, 2020, but also made a Lower Low on the inner Channel Down (blue pattern) and a Higher Low on the 7-month Channel Up. Also the RSI got oversold.

Target: 1.21600 (right on the Symmetrical Resistance and the outer Lower Highs trend-line).



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