We prefer to go long in EUR/USD Long

Euro Fx/U.S. DollarFXCM

Description

⋅ Dec 5, 2014 8:58 AM

Short term trend: Bullish
Ichimoku analysis (4 Hour chart):
Tenkan-Sen level: 1.2367
Kijun-Sen level: 1.2392
Ichimoku cloud top: 1.2462
Ichimoku cloud bottom: 1.2479

EUR/USD has recovered after making low of 1.2279 and overall trend is bullish as long as short-term support 1.23380 holds.
The pair’s short term resistance is around 1.2460 and any break above would extend gain to 1.2530/1.2575. The break of minor support 1.23380 will target 1.2250/1.2200.

Indicators
Ichimoku (9, 26, 52, 26) - Buy
MACD (12.26.9) – Buy

Recommendation: Buy EUR/USD 1.2398, SL 1.2338, Target 1.2575.

Comments

mustard

⋅ Dec 6, 2014 10:04 AM

Very surprised at this trade from a professional body, immediately prior to the latest nfp release and after the spike rejection higher on 4 Dec?

Extremely high risk.