It’s been awhile since I’ve had time to post any of my trade analysis. And I don’t plan to make a regular habit of “being back”, but I really like the setup in EURUSD right now. I thought I’d share.
A New Trend Emerging for EURUSD?
In late April, EURUSD pushed above its 200-day moving average. This is always a reason to start looking more closely at any pair. But what made the move even more interesting was that it retested the 200-day SMA on May 11th and found support against that level. The pair then moved higher: (more…)