EURUSD | PingPong of EMAs

22. Juni 2023

It's been a long time since I took a look at the Forex market, so I'll start with our Euro against the USD.

If truth be told, I haven't missed much since 3 months ago.
As the title says, as see a PingPong game of the EMA 200 and 800 or in other words:
It is nothing more than a range.

This leads to the simple idea to trade the Reaction.
In fact, currently we are back at the daily EMA800, with a good chance that we get a divergence in the TDI.
I would leave some space for the SL, since, as seen in May we could well play a little above the EMA.
As a target for the time being the EMA200 should be targeted, if this is reached, one can ride the remaining position.