manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Log in

EUR/USD Technical Analysis For 14th October 2015

14 October 2015, EUR/USD

EUR/USD Technical Analysis For 14th October 2015
Technical View:
EUR/USD is currently trading with a bullish bias. The pair traded bullish for the better parts of yesterday's intraday but failed to close above our key resistant level 1.1395, we expect a corrective wave from this level downwards probably up to 1.1259, before we go long, sell positions will thus be ideal for trading. This pair is strongly positively correlated to EUR/JPY and EUR/GBP, thus only buy or sell EUR is the other positively related pairs are giving the same signal.

Trade recommendations:

Since Euro has reached our target key resistant and is trading just below it, short positions are ideal, ideally, we expect a begin of a three wave cycle with wave (a) ending at 1.1335. Thus sell the pair but with stops at 1.1335, and the next stop at 1.1295

Graham Osano
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .