Thread: EUR/USD analysis

The EUR/USD is going slowly up. My strategy for today here is to open a buy at the level of 1.1205 with target at 1.1270 and Sl at 1.1190.

Beside developing the strategy and setting a stop-loss I started to use Fresh Forex sms-notifications and this method reduced my losses twice.

If anybody's interested here's more detailed information about this feature. To say short, it says you when you're close to losing all of your money. And yah, it's free.

We can see here a localized support and resistance levels - 1.1277/1.1324. So, try to take some points from these levels.

Originally Posted by Sadam

If anybody's interested here's more detailed information about this feature. To say short, it says you when you're close to losing all of your money. And yah, it's free.

Ooh, thank you Sadam for sharing! This information is really useful for analysis. Fresh forex really provides good forecasts.

So, I can see a localized support lies at 1.1349. And this pair is going to break it. I guess it can't do it with first attempt.

EURUSD has been very volatile but it has got a good support level which suggest that it might make a positive move.

There is a sideways trend on this frame. The range is located between 1.1177-1.1216 levels.

I think short positions are actual now, bears still have enough pressure to move price down.

The EUR/USD is going up at the moment but I'm pretty sure it will make a pivot very soon. So, I guess it's quite a good decision to open a sell here with a wide SL.