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EUR/USD Technical Analysis For 17Th September 2015, H4

EUR/USD Technical Analysis For 17Th September 2015, H4 | 17 September 2015

17 September 2015, EUR/USD

Technical View:
EUR/USD is currently trading with a bullish bias. The pair bounced off from a key level 1.12139 but is still trading below the key level. It is expected that, during today's intraday, the pair will move upwards and possibly close at 1.1364, any clear movements above this level will signal further movements to the upper side. Traders trading this pair should observe other pairs such as CHF/HKD, EUR/JPY for positive correlation. Thus, only buy or sell EUR if the positively correlated pairs are giving the same signal.

Trade Recommendations:

If you haven't bought the pair already, then wait and buy above 1.1364, this view can only be rendered futile if the the current wave move downwards and close below 1.12038

Bob Stan
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