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Hey! Good morning.
Lets see what will happen with the main currency cross: EUR/USD.
At this moment it is marking: 1.0740.
Key factors:
1) Weekly timeframe (is not importante for contest purpose):
a) First support: 1.0800 (broken down)
b) Main support: 1.0462
c) RSI: Oversold
d) Ascending longitudinal line started at March/2015 : broken at 1.10000 to downward
e) Trend: down
2) D1 timeframe
a) Support: 1.0700
b) Resistance: 1.1000
c) RSI: oversold
3) H4 timeframe (our main timeframe)
a) Support: 1.0700
b) Resistance: 1.0890
c) Fibo Retracement: 1.830
d) RSI: oversold
My opinion for this week: Upside until 1.10000
As always, you can wait for the right upside candle and price action; wait until price touch again 1.0707 and buy from there or wait for confirming the support or.... BUY NOW with stop loss at 1.07000.
Lets see what will happen with the main currency cross: EUR/USD.
At this moment it is marking: 1.0740.
Key factors:
1) Weekly timeframe (is not importante for contest purpose):
a) First support: 1.0800 (broken down)
b) Main support: 1.0462
c) RSI: Oversold
d) Ascending longitudinal line started at March/2015 : broken at 1.10000 to downward
e) Trend: down
2) D1 timeframe
a) Support: 1.0700
b) Resistance: 1.1000
c) RSI: oversold
3) H4 timeframe (our main timeframe)
a) Support: 1.0700
b) Resistance: 1.0890
c) Fibo Retracement: 1.830
d) RSI: oversold
My opinion for this week: Upside until 1.10000
As always, you can wait for the right upside candle and price action; wait until price touch again 1.0707 and buy from there or wait for confirming the support or.... BUY NOW with stop loss at 1.07000.
