Prabhu.Ram
Long

Top 5 of the day 2) EUR/USD

FX:EURUSD   Euro / U.S. Dollar
57 0 0
Hello traders!

I will be introducing a new system of trading on this page from now on.
I will be proving the 5 most tradable pairs for the day everyday with some proprietary indicators' results.
Second pair for today is EUR/USD             .

* Description and meaning of all my indicator numbers are given below.

EUR strength consistency 0.8958

USD strength consistency 1.2484

Expected daily targe
1 1.1241
2 1.1271
3 1.1302

Switching point 1.1201
Invalidation point 1.1152

Avg             Volatility : 120
Volume % : 37.8%

*Strength consistency is a calculated value of strength for each currency. Closer the number to 0, stronger the currency.
Avg             . volatility : It is the estimated high to low ratio of a currency pair calculated over some specific number of days for each currency pair.
Volume % : It is the % movement of the pair on the current day with reference to the Avg             . Volatility .
Expected target is calculated based on the Avg             volatility and currency volume %.
Switching point is the suggested entry price for optimum coverage
Invalidation point is the suggested S/L


Along with the signals from my indicators, there is strength in EUR across the board and this could well translate into deeper upward retracement. This trade suggestion is a continuation from yesterday and we could well see the moves happen today.
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