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EUR/USD Technical Analysis For 14Th September 2015, H4

14 September 2015, EUR/USD

Technical View:
EUR/USD is currently trading with a Bullish Bias. It is anticipated that as log as the pair trades below 1.1374, short positions are ideal, any movements above 1.1351 will signal further movement up to probably 1.1710. However, should the pair close below 1.11911, short positions could be ideal for trading.
Traders trading this pair should observe close other pairs such as EUR/SGD, EUR/CAD, AUD/USD, AUD/JPY, and AUD/HKD for strong positive correlation of up to +0.96. Also, pairs such as CAD/CHF, USD/SAR and USD/NOK should be observed for negative correlation of up to -0.95. Only buy or sell EUR, if the first pairs are giving the same signal and the latter are giving an exact opposite signal.

Trade recommendations:

If you haven't bought EUR already, wait and buy above 1.1374, or wait for a possible bounce at 1.11911, any movements below 1.11911 will signal further movements below.

Graham Osano
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