Main » 2010 » August » 4 » Forex Signals - Intraday Strategy for EUR / USD 04/08/10
09:48 Forex Signals - Intraday Strategy for EUR / USD 04/08/10 | |
| Pair EUR / USD is traded on the hourly chart within the downtrend. It shows that the rate of EUR / USD is trading above the moving average with period 55 per hour chart (the level of 1.3174), which has to raise prices in the short term. I recommend open long positions following the breakdown of up to an hour of resistance at 1.3241 in order to increase the resistance level at 1.3261-65, and in case of breakdown it up to an hour to 1.3294. Stoploss if this strategy can be placed at the level of 1.3192. I recommend to open short positions in the breakdown of support at 1.3149 to reduce the level of support at 1.3118 and if it is up to the breakdown of hours to 1.3092. Stoploss if this strategy can be placed at the level of 1.3200. 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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