Παρασκευή 15 Ιανουαρίου 2016

Technical Analysis EUR/USD

The fx pair is seems to be in an up movement on Daily TF. And now seems the movement second up leg is under development. H8 supports the Daily TF and shows clear up movement. H2 is much messier. The market first showed an up move with lots of overlap. After it turned down to two downs wing. Until this everything was look fine. But in its second up move shows two swing movement which gives the possible sign that the ongoing move will finish shortly, maybe around R2. Until that LONG position is a good idea. But from that resistance level the market has to be rethink.
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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