Πέμπτη 28 Ιανουαρίου 2016

Technical 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 narrowing range. And this can add extra versions to the upcoming on both H8 and Daily TF. From closer view H2 showed two upswings after a strong up move which length were the same. Also RSI seems to hold under 67 and turned down. This adds more percentage to that the market turned downward and SHORT positions for the upcoming is good to take. To TP better to sink about the surrounding of S1 because around the level the market will decide for the future.
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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