{"id":13006,"date":"2022-12-20T11:24:50","date_gmt":"2022-12-20T11:24:50","guid":{"rendered":"https:\/\/tradingshot.com\/?p=13006"},"modified":"2023-05-17T11:29:24","modified_gmt":"2023-05-17T11:29:24","slug":"eurusd-emerging-1d-golden-cross-but-price-can-pull-back-first","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/12\/20\/eurusd-emerging-1d-golden-cross-but-price-can-pull-back-first\/","title":{"rendered":"EURUSD Emerging 1D Golden Cross but price can pull-back first"},"content":{"rendered":"<p>The EURUSD pair is close to forming a Golden Cross on the 1D time-frame which is the pattern where the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). That is technically bullish but it doesn&#8217;t mean that the price can&#8217;t pull-back especially following the very aggressive rally it has been on since late September.<\/p>\n<p>In fact, the last two 1D Golden Crosses had the price pull-back on overbought 1D RSI. Though the 1D MA50 wasn&#8217;t hit before the rally was well underway above the 1.5 Fibonacci, the price did test either the 1D MA200 or the 4H MA50 (thin grey trend-line) prior to the Golden Cross.<\/p>\n<p>Again, this doesn&#8217;t change the long-term trend which has turned bullish, but the pull-back will represent a much needed technical retrace (also based on profit taking) to its fair buy level.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/EURUSD\/5uGfnMuI-EURUSD-Emerging-1D-Golden-Cross-but-price-can-pull-back-first\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/EURUSD\/5uGfnMuI-EURUSD-Emerging-1D-Golden-Cross-but-price-can-pull-back-first<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EURUSD pair is close to forming a Golden Cross on the 1D time-frame which is the pattern where the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). That is technically bullish but it doesn&#8217;t mean that the price can&#8217;t pull-back especially following the very aggressive rally it has been on since<\/p>\n","protected":false},"author":611,"featured_media":13007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-13006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=13006"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13006\/revisions"}],"predecessor-version":[{"id":13010,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/13006\/revisions\/13010"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/13007"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=13006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=13006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=13006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}