Hey guys!
So today, the EUR/USD pair closed below the 200 moving average. Do you guys feel bearish about the Euro or do you think its just a little “fake-out” we saw back in November (indicated by the circle)?
Only time will tell, but it’s worthwhile to point out that in the most recent COT report, commercials have been increasing their long positions
I already used moving average before, to tell you frankly moving average and all other chart indicator are just a representation or record of what happened in the past…
Crossing up or down doesn’t always means that you have to buy or sell… You should know the direction of the market…!!!
When it cross down but you believe that it should go up… Then it means that more winners taking some profit… For traders who depends on charting, they were thinking that it is false signal!