Παρασκευή 26 Φεβρουαρίου 2016

Technical Analysis EUR/USD

The fx pair is still in uptrend on Daily TF and longer term minimum one new high is expected in a third wave. And it seems the ongoing pullback will become more complex correction. From one side H8 longer MA could turn the movement back to bear but after the divergence over 34 it opened the way for the bulls. And the second version has got more percentage. H2 at the moment bull. And if most H8 players stand to their sides (longer MA falls) than LONG positions will be really good to take with the minimum TP of R2. Also it is good to mention that there is an alternative option in H2 chart. It is good to keep in mind. 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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