Moving averages crossed towards the rising trend, respectively, it is time to trade and the search for the best points to buy, and the best points are the minimum prices at the approach to the a moving average crossover. Despite of this fact, if we look at the situation more globally, we will see that since the end of last week the price of EUR/USD pair is in trade corridor with the boundaries of 1.24400 - 1.25800, so now it is better not to hurry to buy, but if the price rises above 1.256-1.580, we can look for entry points to buy when it will be out of range.
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.
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.
