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CapMoore
Jan 11, 2016 11:28 AM

Eyeing 1,11-1,1150 Confluence Resistance 

Euro Fx/U.S. DollarFXCM

Description

Price is eyeing important pivot confluence around 1,11-1,1150. With both
Weekly and Monthly MACD Bull crosses giving upward pressure in else higher timeframe
bearish trend may help push price up to this level. Especially the Yearly PP
at 1,1140 is still untraded. Thus scalping on the long side here is favoured and
looking for shorts in the red confluence resistance zone.
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