Main » 2010 » June » 25 » Forex Signals - Intraday strategy EUR / USD 25/06/10
09:42 Forex Signals - Intraday strategy EUR / USD 25/06/10 | |
| Pair EUR / USD is traded on the hourly chart in the downtrend. It shows that EUR / USD rate is trading above the moving average with period 55 per hour chart (the level of 1.2310), which has to raise prices in the short term. I recommend to open long positions after the breakdown of the results of hours of resistance at 1.2364 in order to increase the resistance at 1.2387-1.2404 and in case of breakdown it up to an hour to 1.2438-60. Stoploss if this strategy can be placed at the level of 1.2320. I would recommend to open short positions in the breakdown of support at 1.2289 to reduce the level of support at 1.2263-47 and if it is the breakdown on the basis of hours to 1.2215-22. Stoploss if this strategy can be placed at the level of 1.2342. Given that the moving average and the location of boundaries of technical figures over time is moving, it is necessary to the hourly chart to adjust their status. I also recommend to open positions up to an hour to avoid false breakouts. In the case of heavy traffic during the breakthrough technical figures, I recommend to wait for correction. The level, which was the resistance should be a strong support and it was near this level should open position in the direction of the breakdown. Analyst "Forex Analytics" Alex Sedyshev | |
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