Δευτέρα 29 Φεβρουαρίου 2016

Technical Analysis EUR/USD

The fx pair is still in uptrend on Daily TF and longer term one new high is expected in a third wave. And it seems the ongoing pullback will become more complex correction. This can be changed if the smaller TF players will become more strong. On H8 TF the bears are dominated but still without Daily support. On H2 one more downswing is expected. Short can be a good idea but not with a longer run.
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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