Eu gu forex

The US dollar showed its strength last Thursday and last Friday, and that offers us very good setups for the forex week. The daily chart forex us a sharp bearish move with a breaking down of forex support around 1, That support is now resistance and we will be looking to sell rallies under it. On our way down we will be careful around 1, support and be ready to close the trade should there be a bullish reversal pattern at that level. We will deduct the take profit levels from the monthly chart.

It shows we broke a 61,8 fib resistance around 1,1. In that case we are probably heading for the next fib lines, that is theat 0, and theat 0, We propose to set up our take profit levels slightly above them, at 1,05 and 0, Needless to say, the parity and those two fib lines will also be levels to watch for a bullish reversal. Sell rallies under 1, towards 1, Allow for a real pull back and a clear bearish signal to avoid getting trapped in a possible bullish reversal around 1, On the daily chart the pair broke down a channel 1,5 -1, that was holding it for two weeks.

This means GU is probably going down, but it still has to clear a last support around 1, Here again, the monthly chart will give us a take profit level. We broke 1,48 support line and the next support is at 1, We propose to set up our take profit level at 1, On the daily chat, UJ is ranging between ,75 andThe last candle is a dark cloud cover which means we may expect some forex action on the beginning of next week.

Forex SMA around is however a support that held on last retest. Finally H4 shows what may be the beginning of an uptrend higher highs and higher lowsforex this is why we have a bullish bias on that pair. Please note the SMA confluence at ,75 which may offer a support to bounce from.

Enter on H4 reversal signals from one side of the range to the other. On a break outside of the range, wait for a pull back and a confirmation candle before entering, also on H4. Improve Your Trading Skills - Don't miss our new posts!

Trading Forex, Binary Options - high level of risk. Please remember forex are volatile instruments and there is a forex risk of losing your initial investment on forex individual transaction. Home Forex Forex Binary Options Brokers Trading Software Forex VPS Signals Analysis Other Tools Forex Education Forex Strategies BinaryOptions Education Binary Options Bonuses Binary Options Strategies Articles Humor ProfitF Write For Us Advertising Contacts. Sell signals under 1,07 towards 1,05 and 0, Mind last low 1, and parity.

In a range ,75Bio Latest Posts Subscribe to Updates. Technical analyst at ProfitF. Latest posts by Stephane L see all. Subscribe to Updates via Email Subscribe to Updates via RSS. EURUSD Buy Signal March 20th Time to GO Long? Forex Brokers Reviews Binary Options Brokers Reviews Trading Software Forex VPS Trading Signals. Newest Forex EA, Systems. UltimateProfitSolution Forex Libra Code Binary signals indicator FXOxygen EA Forex System.