Main » 2010 » September » 10 » Forex Signals - Intraday Strategy for EUR / USD 10/09/10
10:08 Forex Signals - Intraday Strategy for EUR / USD 10/09/10 | |
| Pair EUR / USD is traded on the hourly chart within the downtrend with a probability of an upward move. It can be seen that the rate of EUR / USD is trading below the moving average with period 55 per hour chart (the level of 1.2718), 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 1.2732 in order to increase the resistance level at 1.2762 in the case of breakdown it up to an hour to 1.2786. Stoploss if this strategy can be placed at the level of 1.2681. I recommend to open short positions in the breakdown of support at 1.2650 to reduce the level of support at 1.2626 and if it is the breakdown on the basis of hours to 1.2601. Stoploss if this strategy can be placed at the level of 1.2702. 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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