Δευτέρα 8 Φεβρουαρίου 2016

Technical Analysis EUR/USD

The fx pair trending upward. The smaller timeframes are all sustainable and minimum one new high is expected. Only the Daily TF is questionable. Does the RSI just spike over 67 or it will hold over? This week the answer will arrive. H8 is in a bigger pullback. It still does not look like a correction. Therefore, from the options it has bigger percentage to move upward right away. H2 at the night gave the sign that it may turned upward again. This means LONG positions are good. But with the TP care needed. It shows that a smaller high will form. But if RSI will get stuck under 67 and turn down than the happened pullback will
grow out to a bigger correction and the market will turn down again before it will form a new high.
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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