DLavrov

EURUSD Weekly Chart

FX:EURUSD   Euro / U.S. Dollar
Price reached MA100 (yellow line) and the strong resistance level. MACD and DMI confirm strong up movement and we'll be able to buy, if price breaks this reversal zone. Profit targte will be at 1.1500 level. If price can't pass through 1.1000 level, we'll have a signal for opening short trades. RSI and MACD histogram will have to confirm price reversal from MA100 and the resistance level. ADX line of DMI will have to reverse and start falling. Profit targets can be at 1.0600 and 1.0400 levels. Long and short trades can be opened based on weekly, daily and hourly charts.

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