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EURUSD Technical Analysis For 6th November 2015

EURUSD Technical Analysis For 6th November 2015 | 06 November 2015

06 November 2015, EUR/USD

EURUSD Technical Analysis For 6th November 2015
Technical View:
EUR/USD is currently trading with a slight Bullish bias. The pair is currently on a corrective upward move. We are waiting to sell from 1.09053 but with our stop loss at 1.09350. This impending downward movement is highly anticipated since other positively correlated pairs such as EUR/HKD and EUR/HKD are making similar upward corrective move. we will therefore proceed to sell Euro from 1.09053, when EUR/HKD will be trading along 8.4525. Ideally, wave ((c)) should close along the lower indicated support trend line.

Trade Recommedations:

Sell from 1.09053 but with our stop loss at 1.09350

Bob Stan
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