EURUSD Technical Analysis For 2nd November 2015 | 02 Noviembre 2015

02 Noviembre 2015, EUR/USD

EURUSD Technical Analysis For 2nd November 2015
Technical View:
EUR/USD is currently trading with a very slight bullish bias. The pair bounced off from a significant resitive level 1.10075 to form a perfect exhaustion. This exhaustion has also been witnessed in other positively correlated pairs such as EUR/HKD, and EUR/SGD. This is a clear downward signal further more, another positively correlated pair EUR/GBP is already headed short. However, instead of going short immediately, we will wait for the current upward movement in GBP/USD to be exhausted then we go short on all these pairs with us having TPs at 1.09763, and the next stop at 1.09451, in EUR/USD. GBP/USD is also positively correlated to EUR/USD, the current upward movement in GBP/USD is delaying the anticipated downward movement in the Euro markets.
EURUSD Technical Analysis For 2nd November 2015

Trade Recommendations:

Wait for the current upward movement in Pound market then sell EUR but with TPs at 1.09763, and the next stop at 1.09451

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.