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09:53 Forex Signals - Intraday Strategy for EUR / USD 10/05/10 | |
| Pair EUR / USD is traded on the hourly chart in the uptrend. It shows that the rate of EUR / USD is trading above the moving average with period 55 on the hourly chart (the level of 1.2775), 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 1.2948 in order to increase the resistance level at 1.2981-94, and in case of breakdown it up to an hour to 1.3032. Stoploss if this strategy can be placed at the level of 1.2898. I recommend to open short positions in the breakdown of support at 1.2889 to reduce the level of support at 1.2854 in the case of breakdown up to an hour to 1.2823. Stoploss if this strategy can be placed at the level of 1.2929. Given that the moving average and the location of boundaries of technical figures over time, moving, must be at the hourly chart to adjust their position. I also recommend to open positions up to the hour to avoid false breakouts. In the case of a strong movement in the breakout 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 be open position in the direction of the breakdown. Analyst "Forex Analytics" Alex Sedyshev
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