FxWirePro
Long

EUR/USD faces strong support around 1.0850, good to buy at dips

FX:EURUSD   Euro / U.S. Dollar
1014 2 13
EUR/USD             has formed inverted hammer in 4 hours chart and this confirms short term bullishness , a jump till 1.100 cannot be ruled out.

The Pair was trading weak even if Greece risk subsides. ECB announced to raise ceiling by 900M euro             with haircuts on collateral unchanged. EU has also approved a bridge loan worth €7 billion.

Technically major levels to watch out on the downside are 1.0850 (Jul 16th low) and any break below target 1.0789 (low Apr             .25) /1.0666 (low Apr             .24).

On the higher side minor resistance is around 1.0950 (20 day 4 HMA ) followed by 1.1025 (Kijun-Sen)/ 1.1036 (Jul 15th high)

It is goo to buy at dips around 1.0890 with SL around 1.0848 for the TP of 1.0950/1.100.
It is good to sell around 1.0845 for the TP of 1.08000
Reply
Yes that is why i took the trade when i saw the inverted hammer :)
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out