piponomics
Long

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

FX:EURUSD   Euro Fx/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.


EUR/USD

RECOMMENDATION BUY TARGET 1.12750
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.

CHART FORMATION:-
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.

INDICATORS:-
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.


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galaxytime77
10 months ago
Thanks,
+1 Reply
piponomics galaxytime77
10 months ago
You're welcome, good luck!
Reply
arif_awan
10 months ago
euro
+1 Reply
rickstolle arif_awan
10 months ago
kate looks like a well thought out analysis. i am impressed.
+1 Reply
piponomics rickstolle
10 months ago
Thank you! :)
Reply
galaxytime77 arif_awan
10 months ago
Arif you from?
I had multiple people in the opposite paritede.um graphic works.
+1 Reply
arif_awan galaxytime77
10 months ago
from canada, but soon this pair will start falling. lets see.
Reply
galaxytime77 arif_awan
9 months ago
Thank you, take it easy
Reply
ddp922
10 months ago
Hi banker
+2 Reply
PooyaSalehipour
10 months ago
nice this one
+1 Reply
travisninowsky
10 months ago
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
10 months ago
Yes it is, and congrats on your pips!
Reply
travisninowsky piponomics
10 months ago
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
Reply
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