Thanks to the Jackson Hole symposium, we have a trend reversal for the EUR, let's break it down:
• 3 MA's cross inside the bullish candlestick.
• RSI crosses from under 50 to over 50 in the candlestick where the 3 MA's touch.
• All while the Ichimoku convergence line crosses the base line in during that candlestick.
• Additionally, MACD positive increase, with the fast EMA distancing itself well from the slow EMA.
We could expect EURUSD to increase in price over the next 7-8 hours.
This is my view, let me know your insights.
Trade fechado: stop atingido