Good morning traders,

My today’s trading sis based on a broader view on EURUSD I’ve mentioned yesterday. The pair sits presently at 1.2735, the area when moving averages on smaller timeframes (5min, 15 min) cross and I expect it to reach higher levels: 1.2825 (weekly R1 pivot point), 1.2850 (current value of resistance line on 1H chart). I recognize 1.2765 and 1.2795 as the closest targets above.

Speaking about downside risks, I pay attention to the following levels: 1.2720 (5min support line and 1H MA);  1.2695 (15min trendline and daily pivot). If we close below it, it’s more likely the described won’t be intact.

Views: 243


You need to be a member of Forex Social Network to add comments!


Join us on Facebook Now!!!

Hi everyone

This website was closed June 2nd 2015.

Please, join us now at Facebook where you can keep sharing your thoughts about Forex with our community of traders:

OVER 2,500 READERS!!!!

© 2015   Created by FXStreet.

Badges  |  Report an Issue  |  Terms of Service


Live Video