Forex Dollar
November 8, 2005 by Trader Rich
I’m sticking with the dollar versus the euro and went short on the pair again at 1.789. It is trading at 1.1761.
I was reading an interview with a trader who says that some reliable signals come from using the EMA(10) and EMA(20) crossovers for buy/sell opportunities. I think I remember him saying he uses it with hourly charts.
I added the EMA(10) and EMA(20) to my EUR/USD charts and I looked at the hourlies for the last 40 days and some of the signals from the crossovers have been in advance of a significant move.
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