FxWirePro
Long

EUR/USD: 200- day MA and Trend line resistance

FX:EURUSD   Euro Fx/U.S. Dollar
661 9 10
EUR/USD             breaks major resistance 1.11210 (50- day MA) and closed slightly above that level.It is expected to reach till 1.1178 (200- day MA)/1.1200 (Trend line joining 1.1630 and 1.13663).

It should break above 1.1200 for further bullishness.

It is good to buy above 1.1200 with SL around 1.11480 for the TP of 1.1350.

Related Ideas

efazil
a month ago
I think we will see a false breakout 1.12000 and return back to 1.10600 area
+1 Reply
efazil
a month ago
I think we will see a false breakout 1.12000 and return back to 1.10600 area
during the evening of election day
Reply
waterman efazil
a month ago
No chance. Trump is winning. America is for Americans once again. So aim 1.2 soon
Reply
tlesick waterman
a month ago
http://projects.fivethirtyeight.com/2016-election-forecast/
Reply
waterman tlesick
a month ago
Again wrong forecast. See http://www.bbc.com/news/election-us-2016-37892138
Reply
tlesick waterman
a month ago
Personally I put more faith in Nate Silver (538), you may want to read his New York Times bestseller book on.....PREDICTIONS!
Reply
waterman tlesick
a month ago
You may be right. Now gap is downwards ! Thanks
Reply
efazil
a month ago
keep in mind this idea
Reply
mocem PRO
a month ago
We will have huge volatility and gaps this week. So, I will not place SL levels to my long EURUSD positions.
My target is 1.17-1.18
Have great & profitable trading week.
Reply
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