manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

EUR/USD Technical Analysis For 1st October 2015, H4

01 October 2015, EUR/USD

EUR/USD Technical Analysis For 1st October 2015, H4
Technical View:
EUR/USD is currently trading with a bearish bias. The pair bounced off from a key resistance level 1.1261, and is currently headed short. We anticipate that as long as the pair trades below this level, short positions are recommended but with stops at 1.1080 and the support trend line, any clear movements below the support trend line will signal further movements to the lower side. Traders trading this pair should also observe other pairs such as EUR/CAD for positive correlation.

Trade recommendations:

If you haven't sold the pair already, sell below 1.1080, with stops at the support trend line and the next stop at 1.1029. Basically, wave (c) should close below wave (a)

Graham Osano
See also:
Agree with the review?
Traders' opinion:
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .