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d.vezeris
Jul 16, 2015 11:22 AM

EURUSD 1H (16.JUL.2015) TECHNICAL ANALYSIS TRAINING  Short

Euro Fx/U.S. DollarFXCM

Description

EURUSD 1H Diagram Technical Analysis shows the following:

The EURUSD has declined under the support line. This line was a support on downtrend but now is resistance to any pull back. MACD is bearish and RSI is approaching oversold level.

In any pull back I would take short position if there is a good bearish candlesticks on Tenkan Sen or Kijun Sen resistance or on the resistance line.

The pair is under all the indexes in the 4H diagram.

Short only in a confirmed bearish candlestick after a pull back
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