EUR/USD: golden cross – BBH
FXStreet (Guatemala) – Analysts at Brown Brothers Harriman noted the EUR/USD‘s golden cross.
Key Quotes:
“The euro’s 50-day moving average crossed below the 200-day moving average in early October for the first time since July 2014.
The turning of the so-called Golden Cross is a function of roughly a six-month consolidation after a nine-month slide. With some conservative assumptions, the cross can turn higher over the next couple of weeks.”
Analysts at Brown Brothers Harriman noted the EUR/USD’s golden cross.
(Market News Provided by FXstreet)