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EUR/USDTechnical Analysis For 25th September 2015, H4

EUR/USDTechnical Analysis For 25th September 2015, H4 | 25 September 2015

25 September 2015, EUR/USD

Technical View:
EUR/USD is currently trading with a bearish bias. We are still waiting for wave (c) to close below wave (a), as long as wave (c) trades above the support trend line, short positions are ideal, any clear movements below the support trend line will signal further movements to the lower side. This pair is highly positively correlated with EUR/HKD, and EUR/CAD, and this level of correlation is expected to continue. Thus 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 the the support trend line. You may also wait for potential buy signals along the support trend line.

Bob Stan
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