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Forex signals on the euro / dollar on 15/05/2014

Forex signals on the euro / dollar on 15/05/2014


The euro / dollar is trading on the hourly chart within a downtrend . It shows that the EUR / USD is trading below the moving average with period 55 on the hourly chart (level 1.3711 ) , which has reduced prices in the short term.

Signal for a long position will be breakdown up to an hour of resistance at 1.3668 in order to increase the resistance level at 1.3692 and in case of breakdown up to an hour to 1.3718 . Stoploss for this strategy can be placed at 1.3635 .

Signal for a short position will be the breakdown on the basis of hours of support at 1.3643 to decline to the support at 1.3614 and in case of breakdown up to an hour 1.3584 . Stoploss for this strategy can be placed at 1.3675 .

Given that the moving average and the location of the boundaries of technical figures over time, moves to the hourly chart to adjust their status. I also recommend the open position up to an hour to avoid false breakouts.


 

Category: Forex Signals | Views: 738 | Added by: Tyler | Rating: 0.0/0

Total comments: 0
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