EUR/USD Technical Analysis For 31st August 2015, H4 | 31 Agosto 2015

31 Agosto 2015, EUR/USD

Technical View:
EUR/USD is currently trading with a slight bearish Bias. The pair bounced off from the 61.8% fib level, and is currently rallying back upwards to the 50.0% fib level. It is anticipated that should the pair close above the 50.0% fib level, the current wave is expected to continue upwards to the 38.2% fib level. However, should the current wave rally down and close below the 61.8% fib level and also below the support trend line. short positions are recommended. As a precaution, before you buy/ sell the pair, check other pairs such as EUR/JPY, GBP/JPY for positive correlation, they tended to move in the same direction during the previous week!
Trade recommendations:

As long as the pair trades above the 61.8% fib level, long positions are recommended. Any movements below the 61.8% fib level will signal further movements below. However, should the price move upwards and close above the 50.0% fib level, long positions are recommended but up to the 1.1384/ 38.2% fib level.

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.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus