We currently have our eye on 1.1171-1.1147 for shorts...

FX:EURUSD   Euro / U.S. Dollar
345 0 4
A conservative wave of buyers came into the market during Wednesday’s sessions from the 1.1000 region which pierced and eventually closed above the mid-level number 1.1050. This move, as you can see, has now very likely opened the gates for price to challenge the 1.1100/1.1111 area.

This small area of resistance does indeed look attractive, but with a fresh 4hr supply zone sitting just above it at 1.1171-1.1147, which not only encapsulates a daily swap level at 1.1148, but also converges with both a Fibonacci retracement value of 0.618% and the mid-level number resistance at 1.1150, this area is far more appealing to us today.

With that being said however, we will still need to see some sort of lower timeframe confirming signal at this 4hr supply zone before we consider risking capital to this idea. The reason for why simply comes from the ongoing Greek situation and the fact that we are seeing very little direction from the weekly timeframe at this point.

Levels to watch/live orders:

• Buys: Flat (Stop loss: N/A).
• Sells: 1.1171-1.1147 (Stop loss: 1.1176).

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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 Contact Support Ideas Published Followers Following Private Messages Chat Sign Out