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09:53

Forex Signals - Intraday Strategy for EUR / GBP 03/09/10

Pair EUR / GBP is traded on the hourly chart within the downtrend. The course is located above the moving average with period 55 per hour chart (the level of 0.8305), which increases the price in the short run.

I recommend to open long positions after the breakdown of the results of hours of resistance at 0.8336 in order to increase the resistance level at 0.8346-56 and if it is up to the breakdown of hours to 0.8377. Stoploss if this strategy can be positioned at the level of 0.8306.

I recommend to open short positions after a breakdown on the basis of hours support at 0.8298 with a view to further reducing the support level at 0.8277 in the case of breakdown up to an hour to 0.8251. Stoploss if this strategy can be positioned at the level of 0.8328.

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 the open positions on the basis of hours, 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