Τρίτη 26 Ιανουαρίου 2016

Techncal Analysis EUR/USD

The fx pair on Daily TF is in a range after its first up movement and the second upper leg is in development. On H8 the market is in a strong range and after its first up move. The resistance level S1 held the market but H8 still needs to give a sign before it begins to move upward which sign can be when RSI will hold over 38. H2 seems turned down with a really strong candle. And it opens the way to move the market down. On this move lot will depend. One possibility is down to the chart which have more percentage. But on the other way if the down move will move so deep than the options for the future is much wider.
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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