LADEEc57
Long

Preparing for a Breakout Next Week

FX_IDC:EURUSD   Euro / U.S. Dollar
47 0 2
FX:EURUSD[/symbol The USD/CAD             has declined as much as 176 pips last week, and this was attributed to Draghi news on monetary policy. Now that the news has been flushed out, traders maybe getting ready for a bounce. With 1.1214 now acting as daily support traders looking to join the trend may elect to place entry orders beneath this value.

Should a bounce occur, breaking above the 1.1425 barrier and moving again above the rising weekly trendline, expect price action to resume it's upward ascent.


           
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
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