100 - 200 Pip Opportunity - EUR/USD Long - 05/02/2016

FX:EURUSD   Euro / U.S. Dollar
100 - 200 Pip Opportunity - EUR/USD             Long - 05/02/2016

The primary trend of EUR/USD             is bullish on charts and price is trading above the trend line in its daily chart . In 4 hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 1.12750 and support at the level of 1.12232. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.


The Major trend of Euro             it is showing strength for buying If it crosses the resistance level then one can initiate buying position in the pair . If it crosses the level of 1.12689 then it can test level for the target of 1.13000 with second target at 1.1430 with the stop loss 1.1175.

Euro             is trading in a range and trading near the trend line . Breaking the support line will lead to upside movement. Eur is trading above the 50 DMA with a negative bias.

RSI is trading near to 65 levels with a positive bias, in upcoming session upside movement is expected.
MACD and Signal line is sustained above the zero level line.

i got in at 1.0880 and took most money off now but letting rest ride seeing if we hit 1.14 area which is possible
+1 Reply
piponomics travisninowsky
Yes it is, and congrats on your pips!
travisninowsky piponomics
thanks kate,eu could be on verge of beeing in a bulish phase so i will be looking for other long setups...currently we are in accumulation phase and looking alot healthier
nice this one
+1 Reply
Hi banker
+2 Reply
rickstolle arif_awan
kate looks like a well thought out analysis. i am impressed.
+1 Reply
piponomics rickstolle
Thank you! :)
galaxytime77 arif_awan
Arif you from?
I had multiple people in the opposite paritede.um graphic works.
+1 Reply
arif_awan galaxytime77
from canada, but soon this pair will start falling. lets see.
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
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