Δευτέρα 16 Νοεμβρίου 2015

Technical Analysis EUR/USD

The fx pair par on Daily TF is forming its second downswing. And it seems to be in the end of the ongoing move and just a really small is missing before the new up move. But until that Short is still good option. H8 TF is bear strongly. And a correction is on at the moment. The only question that the correction is complex or not. To look for an answer H2 has to be checked but at the end it has more chance to move also downward. On H2 seems a bigger correction has just ended and it was the last one before the final down move in this TF. The minimum expected target is between 1.0605-1.0578 and from that point H8 or D correction expected.    Opening a position: in every M15 pullback end to the given directions. Every time it is important to take care for the contexts.

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