Open trading account 
Hello everybody,
this morning I was looking at few charts and I decided to do analysis on EUR/USD. For me the majority of pairs have great correlatoin to this pair which is leading them and can show where market will go.
My analysis is on daily chart and sholud show general mood of market and market trends. So lets look at chart.
We can see there 2 bullish channels and 2 bearish channels. According to my prediction and my thinking, EUR/USD is in bearish trend which is also supported by MACD. First days of this week indicate for me just a small correction which can be stopped on the top of channel where is also double resistance made by Weekly R1 according to pivot and by Daily R2 pivot.
I will set pending order somewhere at level 1.379-1.38 with tight SL at 1.388 as Weekly R2 and possible TP at 1.364 or maybe even 1.359 at S2.
this morning I was looking at few charts and I decided to do analysis on EUR/USD. For me the majority of pairs have great correlatoin to this pair which is leading them and can show where market will go.
My analysis is on daily chart and sholud show general mood of market and market trends. So lets look at chart.
We can see there 2 bullish channels and 2 bearish channels. According to my prediction and my thinking, EUR/USD is in bearish trend which is also supported by MACD. First days of this week indicate for me just a small correction which can be stopped on the top of channel where is also double resistance made by Weekly R1 according to pivot and by Daily R2 pivot.I will set pending order somewhere at level 1.379-1.38 with tight SL at 1.388 as Weekly R2 and possible TP at 1.364 or maybe even 1.359 at S2.
