Πέμπτη 16 Ιουνίου 2016

Technical Analysis EUR/USD

In longer term (Daily TF) the FX pair seems to be still bullish. And after its first strong up move one more upswing is expected. H8 players were out in the sustainable bull territory which shows a new up move also. The last few days’ strong down move shows either the correction is going to be complex or the new upswing will last just until R1. From more close H2 RSI shows the down move is still not ended but from the chart side the up move was really strong which might indicate that the longer TF players have taken over the game. To trade it seems to be more remunerative to look for LONG positions until 1.13216 if the market slows down around the level or forms a divergence.
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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