EUR/USD Technical Analysis For 2nd October 2015, H4 | 02 اكتوبر 2015
02 اكتوبر 2015, EUR/USD
Technical View:
EUR/USD is currently trading with a bearish bias. The anticipated downward movement of wave (c) not yet compete. We expect wave (c) to close along the support trend line or even below it. Generally, EUR is expected to trade on the lower ranges. EUR/USD is strongly positively correlated to EUR/GBP and EUR/CAD, this, only buy or sell EUR, if the other positively correlated pairs are giving the same signal.
Trade Recommendations:
If you haven't sold the pair already, wait and sell below 1.10911, with stops at 1.1029, and the next stop at the support trend line. You may also sell below the support trend line encase of a clear breakout below it.
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.
