EMA25 and EMA50 lines touched each other on the daily chart.
Meanwhile Bollinger Band contracted enough for a potential move.
Here I expect a sharp move down to relax the contraction, coupled with EMA25-EMA50 cross.
Below waits EMA200 to be tested again, just underneath 1260 low of 6th October.
Meanwhile Bollinger Band contracted enough for a potential move.
Here I expect a sharp move down to relax the contraction, coupled with EMA25-EMA50 cross.
Below waits EMA200 to be tested again, just underneath 1260 low of 6th October.