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

FX:EURUSD   Euro / U.S. Dollar
669 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.
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.
keep in mind this idea
I think we will see a false breakout 1.12000 and return back to 1.10600 area
during the evening of election day
waterman efazil
No chance. Trump is winning. America is for Americans once again. So aim 1.2 soon
tlesick waterman
waterman tlesick
Again wrong forecast. See http://www.bbc.com/news/election-us-2016-37892138
tlesick waterman
Personally I put more faith in Nate Silver (538), you may want to read his New York Times bestseller book on.....PREDICTIONS!
waterman tlesick
You may be right. Now gap is downwards ! Thanks
I think we will see a false breakout 1.12000 and return back to 1.10600 area
+1 Reply
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