The EURUSD has topped again above the 14 EMA.
It still is struggling against its uptrend.
It also tried out to get back to its 200 EMA level, but it didn´t succeed.
As the theory works, price level needs to come back to certain levels. In this case, it is the 200 EMA.
We can see that price moved now 360 bars without coming back to earlier levels.
We still can expect a drop down some moment before it will go back into it´s uptrend.
It still is struggling against its uptrend.
It also tried out to get back to its 200 EMA level, but it didn´t succeed.
As the theory works, price level needs to come back to certain levels. In this case, it is the 200 EMA.
We can see that price moved now 360 bars without coming back to earlier levels.
We still can expect a drop down some moment before it will go back into it´s uptrend.
Trade closed: target reached:
200 EMA has been touched
No wait for it´s comeback
This trade is over for me!
No wait for it´s comeback
This trade is over for me!