Δευτέρα 26 Οκτωβρίου 2015

Technical ANalysis EUR/USD

The fx pair is in the end of a downtrend and the decelerating phase is still in progress. This means after a correction it is ok to expect another downswing. The only question when does it ok to look for it. Also the correction begin to grow for a bigger size. This can give good Long positions. But right now the market in a strong resistance level. And we have to wait and look what it will form. The two option is drown.

Opening a position: in every M5 pullback end to the given directions. Every time it is important to take care for the contexts.

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