ANALYSIS ON EURPLN
Welcome to my analysis
-
30Min CHart
-
Interesting Point of interest In the EURPLN pair.
- Price above 100/200 day EMA.
- sell at top 4.29000 zone.
- Expecting more downward momentum.
- Watch 4.2500-4.21600 for take profit.
- MACD showing bearish divergence
Stay Tuned
EUR/PLN has broken over the 200 ema on the 1 hour chart. If it finds supoprt on top of it and it doesn't break it back down, we can expect it to push higher up.
The spread is about 15 pips for this pair, so make sure you calculate your lot size with your spread put into consideration.
I believe we got a trustworthy reverse. The resistance at 4.29275 have been tested before. It broke out yesterday of the reverse cup, and is heading north of the 10EMA. Volume haven't picked up yet, so be aware it might do a drastic spike down over the next days, before continuing up. I have a bigger SL because I plan to hold this one for some time. For good...
Depending on how the EUR will perform when the number come out through out the week. I believe EURPLN will continue down. But I will keep an eye on the 200MA, it need to break the line confidently before it's a save bet.
