Main » 2012 » January » 3 » Forex Signals - intraday strategy for EUR / USD 03/01/2012
10:12 Forex Signals - intraday strategy for EUR / USD 03/01/2012 | |
| The EUR / USD is trading on the hourly chart within a neutral trend. It shows that the EUR / USD is trading above the moving average with a period of 55 on the hourly chart (level 1.2974), 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 1.2984 in order to increase the resistance level at 1.3025 and in case of breaking it up to an hour to 1.3056. Stoploss for this strategy can be placed at 1.2930. I recommend to open short positions in the breakdown of support at 1.2900 to decline to the support at 1.2859 and in case of breakdown up to an hour to 1.2815. Stoploss for this strategy can be placed at 1.2970. Given that the moving average and the location of the boundaries of technical figures over time, moves to the hourly chart to adjust their status. I also recommend the open position up to an hour to avoid false breakouts. In the case of a strong movement in the breakout technical figures, I would recommend to wait for the correction. That level, which was the resistance should be strongly supported and it was near this level should open position in the direction of the breakdown. Analyst "Forex Analytics" Alex Sedyshev
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