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09:46 Forex Signals - Intraday Strategy for EUR / USD 11/06/10 | |
| Pair EUR / USD is traded on the hourly chart within the downtrend. It shows that the rate of EUR / USD is trading higher than the moving average with period 55 per hour chart (the level of 1.2043), 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 1.2151 in order to increase the resistance at 1.2188-1.2204 and in case of breakdown it up to an hour to 1.2250-64. Stoploss if this strategy can be placed at the level of 1.2080. I recommend to open short positions in the breakdown of support at 1.1991 to reduce the level of support at 1.1954-35 and if it is the breakdown on the basis of hours of 1.1906-1.1881. Stoploss if this strategy can be placed at the level of 1.2055. Given that the moving average and technical boundaries of the location of figures over time is moving, must be at 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 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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