EUR/USD bears remain unobstructed
|The hourly ADX(14) has just crossed above 50, emerging from below the 30 levels where it has been seen during the previous market session.
This is a less frequent technical set-up which suggests the EUR/USD pair should be on its way to achieve further lows the days ahead.
Caution is advised on a possible overshoot threat to the falling 200-SMA, now printing above the recent close.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.