On GU Price broke through the 89, pulled back to the 21, move away, then pulled back agin to the 21. That is where it is right now. sitting just below the 8 and 21 MA. Now from here It can move away( up) since the pull back to the 21 has been fullfiled. The price is still above the 89 so we are in an uptrend . The price right now is at 2.0109/, 96 pips below the most recent high of 2.0205. Now the question is that is this pair loosing steam or has enough to take another shot at new highs. According to the Macd which is currently showing a Round bottom. So the signal is UP. I am thinking out loud here, all comments are welcome. Please share your take on GU.Thanks.
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