Eur/Usd Analysis 18.08.2015

FX:EURUSD   Euro / U.S. Dollar
92 0 1

Price is still compressed within resistance 14520 and support 05000 the trend is still down

price found support just shy of the "mean" at 08150 and found resistance at 12180
we basically trade in the middle

Price Action:
after the rejection of 12000 we trade towards the 50% retracement of the current rally at 10300
price made a series of lower highs , and somewhat as we trade towards the 50% mark
we whitness a shortening of the downward thrust , if the downchannel tunrs out tobe true
it maybe because we trade near the oversold level ,

Intradaywise one should watch out how price reacts at the 50% mark of 10300 in confluence with the oversold level
and the "mean" at 10000 we may have a nice long setup inplay , any break of these lvels with no buyers stepping up
and we have a shortside setup inplay , again as we trade at the "mean" its a a rsiky buisness due to chop expected,
if one doesnt want to get caught up in chop , wait for price to test the extremes.



EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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