Main » 2010 » May » 17 » Forex Signals - Intraday Strategy for EUR / USD 17/05/10
09:22 Forex Signals - Intraday Strategy for EUR / USD 17/05/10 | |
| Pair EUR / USD is traded on the hourly chart within the downtrend. It shows that the rate of EUR / USD is trading below the moving average with period 55 per hour chart (the level of 1.2525), which has a lower price in the short term. I recommend to open long positions after the breakdown of the results an hour of resistance at 1.2385 in order to increase the resistance level at 1.2432 in the case of the breakdown of his hours up to 1.2476. Stoploss if this strategy can be placed at the level of 1.2328. I recommend to open short positions in the breakdown of support at 1.2262 to reduce the level of support at 1.2204 and if it is the breakdown on the basis of hours to 1.2147. Stoploss if this strategy can be placed at the level of 1.2336. 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 a strong movement in the breakout technical figures, I recommend to wait for correction. The level, which was resistance should be strong support and it was near this level should be open attitude towards breakdown. Analyst "Forex Analytics" Alex Sedyshev
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