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Underlying:EURUSD
Time frame:1D
Last week we were looking at the MACD crossing over that important centre line. It has now done that and the price declined with it. Please note EURUSD bulls... The EMA's on the MACD have not cleared the centre line and the historic averages "the red bars". I know I have mentioned the same thing in all of my latest ideas but the MACD is an important tool in how I decide when to enter trades!
As soon as the EMA's clear the above, I will post again stating where I am getting into the EURUSD trade more. At the moment we could see a break below the pink trading zone so PLEASE, be careful!