EUR/USD Technical Analysis For 29th September 2015, H4 | 29 سبتمبر 2015

29 سبتمبر 2015, EUR/USD

Technical View:

EUR/USD is currently trading with a slight Bullish bias. Wave (c) is reluctant to close below 1.1084 to form a complete 3 wave cycle, as long as wave (c) trades above 1.1084, short positions are recommended for most intraday trades but with stop at the support trend line. Any clear movements below this trend line will signal further movements to the lower side. EUR is positively correlated to EUR/GBP and EUR/CAD, thus only buy or sell EUR/USD if the other positively correlated pairs are giving the same signal.

Trade Recommendations.

Buy along the support trend line,or wait and buy above 1.1457 but with stops at the resistance trendline. Sell below the support trendline1.08090

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.

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Bob Stan

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