Τετάρτη 13 Ιανουαρίου 2016

Technical Analysis EUR/USD

The fx pair is seems to be in an up movement on Daily TF. The first proof in a higher low on the chart with over 38 RSI has arrived. For second proof a higher high on the chart or a higher low on RSI is needed. On H8 to support the Daily TF RSI has to hold also over 38. If this happens the uptrend will be confirmed by H8 also. Until that the market is in a correction. And still two option is open for the upcoming. On H2 it is difficult to say what is coming next. But between S1 and S2 the market will decide what will come next. Until that SHORT positions are good idea.
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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