EURUSD- Downward Trend line Broken- What Now
The EURUSD pair has clearly broken its downward trend line on a 30 minute time frame which suggests the bullishness for the pair. The price is also trading above the 50 day (shown in green) and 100 day (shown in yellow) moving averages which further strengthen the above argument. The volatility for the pair is low, as the price is trading close to its 20 day moving average. However, the RSI is trading in line with the price action which means bias could be towards the downside.
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