{"id":19765,"date":"2011-02-24T09:35:05","date_gmt":"2011-02-24T14:35:05","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=19765"},"modified":"2011-02-24T09:35:05","modified_gmt":"2011-02-24T14:35:05","slug":"technical-tip-eurusd-moving-averages-signal-further-gains","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/02\/24\/technical-tip-eurusd-moving-averages-signal-further-gains\/","title":{"rendered":"Technical Tip \u2013 EUR\/USD \u2013 Moving Averages Signal Further Gains"},"content":{"rendered":"<p><strong>By Russell Glaser<\/strong><\/p>\n<p>The crossing of the 50 and 100-day moving averages hints at an extension of the <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2011\/02\/23\/pound-and-euro-gain-on-rate-increased-interest-rate-expectations\/\">current move<\/a>.<\/p>\n<p>As the EUR\/USD continues to rise, the  major moving averages are providing support for the move.  Yesterday the  50-day simple moving average (green line) crossed above the slower  100-day moving average (red line), a signal many trending strategies use  to identify the direction for trades.<\/p>\n<p>Following this cross, the moving averages are now aligned in a  perfect order, with the 20-day moving average above the 50, 100, and  200-day. This indicates a strong trending environment. As such, traders  should be looking for further gains in the pair.<\/p>\n<p>First resistance comes in at yesterday\u2019s high of 1.3780. The next resistance level is found at the <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2011\/02\/04\/fx-weekly-preview\/\">February high of 1.3860.<\/a> The trend line falling off of the January 2010 line may come into play  down the road. Today that level stands at 1.4150. The November 2010 high  of 1.4280 would be a long term target.<\/p>\n<p>Support is found at the rising trend line which comes in today at  1.3560, followed by the February low at 1.3430, and the rising trend  line off of the June and January lows.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/02\/EURUSD_Daily2.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/02\/EURUSD_Daily2.JPG\" alt=\"\" width=\"590\" height=\"571\" \/><\/a><\/p>\n<p><span style=\"text-decoration: underline;\"><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><\/span><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><br \/>\n<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                                                                                                                                                                                                                                                                                                                                                                                                                  may                     not                 be                                                                     suitable                             for                                all                                                                                                          investors.                                                     There                                          is              a                                                                                                                                                                             possibility                                                               that                                                                                    you                                                         could                                                                              sustain   a                                loss                                                  of                    all                                   of                                               your                                                                                                                                                              investment                    and                                                                                                                                 therefore                    you                                                                                                       should                                not                                                                            invest                                                                             money                                that                                       you                                                                                                     cannot                                                                      afford            to                                                                                      lose.                         You                                                                                               should                                     be                                                aware                                  of                                                                    all                                          the                                          risks                                                                                                                                   associated                                                       with                                                             Foreign                                                                                           Exchange                                                                                                        trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the EUR\/USD continues to rise, the major moving averages are providing support for the move. Yesterday the 50-day simple moving average (green line) crossed above the slower 100-day moving average (red line), a signal many trending strategies use to identify the direction for trades.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-19765","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=19765"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19765\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=19765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=19765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=19765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}