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EUR/USD Technical Analysis For 15Th September 2015, H4

15 September 2015, EUR/USD

Technical View:
EUR/USD is currently trading with a Bullish Bias. The pair went and hit our key level 1.1370 before heading short, it is anticipated that as log as the pair trades below this key level, short positions will be ideal for trading. However, should the current wave move upwards anc close above 1.1375., then long positions will be ideal for trading.
Traders trading this pair should also observe other pairs such as GBP/AUD, GBP/CAD, GBP/USD and EUR/HKD for positive correlation of upto +0.95. Only buy/ Sell EUR if more than half of these pairs are giving the same signal.

Trade recommendation:

If you haven't sold the pair already, then wait and buy below the 23.6% fib level, or wait for the current wave tp retrace and buy on the 38.2% fib level.

Graham Osano
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