Main » 2010 » August » 5 » Forex Signals - Intraday Strategy for EUR / USD 05/08/10
10:00 Forex Signals - Intraday Strategy for EUR / USD 05/08/10 | |
| Pair EUR / USD is traded on the hourly chart as part of a neutral trend. It shows that the rate of EUR / USD is trading below the moving average with period 55 at the hourly chart (1.3202 level), which has a lower price in the short term. I recommend to open long positions after the breakdown of the results of hours 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 1.3137 to reduce the level of support at 1.3106-05 and if it is the breakdown on the basis of hours to 1.3087-65. Stoploss if this strategy can be placed at the level of 1.3197. 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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