Τετάρτη 10 Φεβρουαρίου 2016

Technical Analysis EUR/USD

The fx pair is still trending upward on Daily TF. The all timeframes were in the sustainable territory therefore minimum one new high is expected. H8 after the yesterday move formed a divergence. This means the next or ongoing correction will be bigger. This TF has the highest divergence so this is the one which is in correction. But the divergence is still in high position which proofs another higher high later. All of this gives good SHORT positions. TP will be around of S1.
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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