Moving averages crossed towards the downtrend, respectively, it is time to trade and search for the best points to sale, and accordingly the best points will be the highest price at the approach to the moving averages. Despite this if we look at the situation more globally, we see that the price of the pair is in a trading range since the end of last week, so there is is better not to hurry, but if the price rises above at least 1.22465, then look for entry point to buy after breakout of the level.
Exponential moving averages with periods of 24 and 12 are used for trading by EURUSD
trend. Trading is carried out only on the hourly timeframe. EMAs like dynamic support and resistance
levels are used to define buy/sell signals, and intersections of moving averages are also taken into account.
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