FX_Trader_Analyst
Long

Correction for EURUSD

FX:EURUSD   Euro / U.S. Dollar
Important week ahead for EURUSD             . In US ( ISM, NFP and Unemployment ) while in EUR ( CPI             and bank rate decision) will be driving forces behind EURUSD             move.

I expect short term bullish correction to be initiated by the bounce from 628 Fib retracement at the support levels 1.118 until 1.14 area will be retested and one might consider to rejoin bearish long term move.

Correction might be driven by expectation of FED not rising rated in September but rather December

Same idea.
Gook luck to us.
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Good luck or right entry :)
I'm in from the Sydney open
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JamesZhang FX_Trader_Analyst
Nice meeting you.
I am having my undergraduate program in New York
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James it seems to me that you are using different prameters for your MA on the chart and different set of of EMA on MACD.
Any specific reason?
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JamesZhang FX_Trader_Analyst
Morning Sam.
Actually, I am using the simple Moving Average Lines and regular MACD with 12 fast length and 26 slow length.
The MAL helps me to judge the market in the down-trend or up-trend .
The regular-parameter's MACD helps me to find the good positions of building order, sometime reveal a need of correction.
And I usually use Fib and Resistance&Support position line as well.
For instance a AUD/NZD I published yesterday.
And these are my analysis combination.
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thanks
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