CitRoN_RouGe

EURUSD – Direction to set at EMA25/EMA50 intersection

FX:EURUSD   Euro / U.S. Dollar
EMA25 and EMA50 approached each other. This morning’s sharp move was the reaction of the price against EMA25-EMA50 cross.

Need to watch the intersection point:
(1) If EMA25 crosses EMA50 downwards, price to move down to EMA200 around 1.1880
(2) In case EMA25 bounces from EMA50, uptrend resumes to test 1.2100 once again

Comments

you have helped me greatly thanks!
+1 Reply
Ty,
We are now in case number two : Price is gonna tu move down to EMA200 right ?
Reply
BenoitBilac BenoitBilac
@BenoitBilac, Case number 1*
Reply
havent seen you post in a while, welcome back.
Reply
thanks for the analysis once again sir...
Reply
mate, please keep us informed. Im just a beginner :D
Reply
Your charts are pieces of art :)
Reply
LOVE IT!!!!!!!!!!!!!!!
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