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09:23 Forex signals - Intraday strategy on EUR / USD 14/05/10 | |
| Pair EUR / USD is traded on the hourly chart in the uptrend. It shows that the rate of EUR / USD is trading below the moving average with period 55 per hour chart (the level of 1.2627), 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 1.2657 in order to increase the resistance level at 1.2706, and in case of breakdown it up to an hour to 1.2736-48. Stoploss if this strategy can be placed at the level of 1.2595. I recommend to open short positions in the breakdown of support at 1.2516 to reduce the level of support at 1.2477 and if it is the breakdown on the basis of hours to 1.2433. Stoploss if this strategy can be placed at the level of 1.2570. Given 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 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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