About the EURUSD:
On the H4 all the MA's are getting close together...what does this mean?
Already the 200 is flat and above the price while the 89 is targeting down directly at the price itself, while the 21ema is supporting the price! Conflicting situation! I would wait for a more clean view.
my point is that price will have the last word but the market shows technically that the last move up( since nov 7) is a correction up to where the price is standing about now, so price should get out of that situation by moving above the 89sma or falling below the 21 putting an end to that correction and would be an excellent place to take a short position. Or the price will confirm a move up by moving above the 89 and keep climbing.
On the H4 all the MA's are getting close together...what does this mean?
Already the 200 is flat and above the price while the 89 is targeting down directly at the price itself, while the 21ema is supporting the price! Conflicting situation! I would wait for a more clean view.
my point is that price will have the last word but the market shows technically that the last move up( since nov 7) is a correction up to where the price is standing about now, so price should get out of that situation by moving above the 89sma or falling below the 21 putting an end to that correction and would be an excellent place to take a short position. Or the price will confirm a move up by moving above the 89 and keep climbing.
Yvon