EURUSD: Crossed the 1D MA200. Sell.

The pair has crossed the 1D MA200 (orange line) for the first time since late June (2019). In doing so it almost touched the inner Lower High trend line (dashed line) of the 1M Channel Down (RSI = 45.074, MACD = -0.008, ADX = 44.006, Highs/Lows = 0.0000) that started in August 2018.

This trend line hasn't been crossed since September 2018. That makes the current levels ideal for a long term sell position as the last time the 1D MA200 was crossed, it was only for a few days and got later rejected towards a new Lower Low. Our Target Zone on the long term is 1.08900 - 1.08440.





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