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EUR/USD Technical Analysis For 2nd October 2015, H4

EUR/USD Technical Analysis For 2nd October 2015, H4 | 02 October 2015

02 October 2015, EUR/USD

EUR/USD Technical Analysis For 2nd October 2015, H4
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.

Bob Stan
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