tigo2020

EURUSD Weekly Outlook May 4th 2015

FX:EURUSD   Euro/U.S. Dollar
155 0 0
EURUSD             DAILY

1. Identified 1.10-1.11 as a probable support zone . This level acted as resistance in the past and may act as support in the future.

2. Identified 1.1478 - 1.1546 as a probable resistance zone . This level acted as resistance in the past.

3. I will be looking to buy EURUSD             in the 1.10-1.11 zone given I get a buy signal on a lower time frame (H4, H1, or M15). This buying signal can be
- A bullish candlestick formation
- Bullish Divergence (either through MACD , RSI , Stochastic , Momentum, etc.)
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