empty
 
 
07.07.2011 03:25 PM
EUR/USD Intraday technical analysis July 7, 2011

This image is no longer relevant

The Daily candlestick closed around 1.4300 without being able to break it.
This level is a previous top (May 19,2011) which acts as a support for the pair.

This image is no longer relevant


The price movement is trapped between 61.8% & 50% Fibonatcci Levels.
Bullish action begins to appear manifested in the lower tails of the 4H candlesticks.
Also the Oscillators are showing oversold signals.

Expected Direction:-
Fundamentally, All views are directed towards interest rates news about Euro.
The market is expecting the interest rate to be raised.
Technically, after 2 days of downside moevment from 1.4550 to 1.4300 without being able to break it
with the signals mentioned above, this indicates the end of the current bearish wave.
The expected next bullish wave is targeting 1.4360, 1.4370 then 1.4420.

Recommendations:
Today, it's not recommended to risk high % of your account due to the coming announcement.
As long as the pair is trading above 1.4250 We can take long positions around 1.4300.
TP at 1.4370,14420 then 1.4450.
SL should be 4H closure below 1.4250.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $6000 lebih lagi!
    Dalam Diseember kami membuat cabutan bertuah $6000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget