EURUSD - H4 chart
It was an interesting end of the week on Eur/Usd. First, it failed to break above 1.2460-1.2485 resistance zone and fell down below the trend line. It didn't take long when it moved up again and closed the week above the broken trend line. Although it didn't manage to get above 1.2485 again, but I think, the uptrend scenario is most likely now. I expect it would get to 1.2530 and 1.2575 next. However, if the market open is not so positive and Eur/Usd loses some pace, then you should consider opposite scenario. Then movement towards 1.2400 is likely, but further decline would require stronger factor.
 |
| EURUSD - H1 chart |
| EUR/USD | Trading conditions | Targets |
BUY |
Buy after correction and the uptrend line is saved |
T1 1.2530 T2 1.2575 |
SELL |
Consider selling if it fails to break 1.2485 |
T1 1.2400 T2 1.2365 |
0 Comments:
Post a Comment