is in a bearish
situation right now and it has also reached a key important level of 1.10. Even though it has went through, I still waiting for a bounce. Asia may short it but who knows about the Europe. Based on the MA I am confident that this will be bearish
. I plan to short it till the MA gives an exit signal. (which is when the price crosses the 50EMA)
There may be a pull back to the 200 EMA
since the remaining EMA
hasn't cross it yet. So right now it's "neutral".
But I'm preparing to short it though. Best of luck!
EDIT: 25/5/2015 3:37PM
Range bound market. Got out. May not wanna trade Asian Session + US holiday on a non Asian Pair with a US currency. I will return once the liquidity comes back. The short is still valid