At the end of the corrective movement in the EUR/USD in sight?

Although the 50 – and 200-SMA are positively aligned with one another, varies the EUR/USD in 4 hour chart between the two moving averages.

The relatively steady rally led to a correction of movement, so that the RSI in the oversold area below the 35% mark fell in a bullish market environment.

As long as the EUR/USD trades above the 200-SMA, the bulls, the uptrend to sustain. With a break below the 200-SMA, the momentum, so that it could develop a new downward trend. A closing price above the 50-SMA could lead to a huge demand wave.

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