Main » 2010 » May » 19 » Forex Signals - Intraday Strategy for EUR / USD 19/05/10
09:33 Forex Signals - Intraday Strategy for EUR / USD 19/05/10 | |
| A pair of 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 per hour chart (the level of 1.2234), which has a lower price in the short term. I recommend opening a long position after the breakdown of the results of hours of resistance at 1.2385 to raise the resistance level at 1.2432 in the case of breakdown it up to an hour to 1.2476. Stoploss if this strategy can be placed at the level of 1.2312. I recommend to open short positions in the breakdown of support at 1.2143 to reduce the level of support at 1.2086 and if it is the breakdown on the basis of hours to 1.2037. Stoploss if this strategy can be placed at the level of 1.2208. 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 the open positions on the basis of hours, 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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