2015-09-01_19-11-47eurusd 1 hour

Today we are seeing that price is crossing over all the moving averages displayed on the chart.

This is a very bullish indication. If you missed the outbreak then you may wait for price to retrace back to the then probably rising moving averages.

If you see that one of the moving averages is holding and leading price then take a long trade.

This may indicate that price might rise for a couple of days.

On the other hand if the 200 and 55 moving averages dont manage to hold price and price drops below those averages then change your bias from bullish to bearish.

Best of PIPS.

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