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AmiranAzaladze
Sep 2, 2019 6:49 AM

EURUSD - Wait 24 hrs  Long

Euro Fx/U.S. DollarFXCM

Description

Interesting situation on EURUSD chart today. Fundamentally you need to focus on US-China trade war positive messages, which cause sharp gain of US currency on Friday. Today banks are closed in USA, due to labor day, so markets will be calm after European session. More attention on technical analysis, now EURUSD is trading at 1.0989.
Two main aspects of technical analysis:
1. Pattern Sperandeo on H1 Chart, already crossed 1 resistance trend line, great signal for short term buy till 1.1027.
2. Resistance N1 - 1.1027 (Asia market open on Friday ); Resistance N2 - 1.1068 (Fibo 23) ; Support N1 - 1.0961 (Fibo o.o level); Support N2 - 1.0918 (Fibo 161 level);
Have a successful week.
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