Πέμπτη 21 Ιουλίου 2016

Technical ANalysis EUR/USD

In longer term (Daily TF) the FX pair is bear. H8 is also bear and it seems to be it is after the correction. H2 is already bear or just “tasted” it. But it has got more percentage to move downward until it forms a new higher low and takes out the before top. Therefore from the two option it is still better to take SHORT positions and it is OK to expect new lows (TP – S3).
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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