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deriangw
Nov 12, 2016 7:05 AM

EURUSD Long Trade Setup Long

Euro Fx/U.S. DollarFXCM

Description

Hi Guys,

Looking at the price action, we can see that the EURUSD shows signs of exhaustion candles especially in higher timeframes.

It hit the monthly support at 1.086 and shows rejection. 1 or 2 more bars of rejection would confirm its reversal to the minor daily resistance at 1.0992.

Thank you for your support.
Trade with caution.
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