EUR/USD: golden cross – BBH

By FXStreet 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.”
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Source:: FX Street