Home > Uncategorized > 5/13/62 EMA trade in action

5/13/62 EMA trade in action

Look at how the EURUSD 5mins offered 3 entry opportunities for potential 20 pippers throughout the day.

Seems to suggest the market has overpriced the EURUSD prior to ECB interest rate decision scheduled later at 7pm. AUDUSD still making new highs like no tomorrow, looks like taking the AUDUSD trade was a better move compared to EURUSD due to the fact that there isn’t any major economic news that could weigh down the price action.

Stay tuned to ECB/BOE at 7 and 7.45pm~

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