Τετάρτη 3 Φεβρουαρίου 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. Still a few versions on for the upcoming. Only one thing seems clear that the wedge is not a triangle and H8/Daily can take over the wheel (this has more percentage) and the movement can continue upward. On H2 the market is in clear range. And just seems to stop again and turn down. This can give good SHORT positions with the TP of the surroundings of S1 (green boxes). After if RSI will stop at 34-38 than better to get ready again for the next turn to head upward.
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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