TRADING STRAGEDIES AND IDEAS FOR TRADERS

2 April 2016, 10:03
David Joseph
0
40
EUR/USD

The Euro succeeded to break above the symmetrical triangle that comes from 1.1497 peak, and which this stand ss a strong bullish signal that affects the med-term trend.

However, it is preferable to wait for a weekly close above 1.1400 level to confirm this bullish reversal.

Technically, if the Euro ends the week above 1.1400 mark, then a big rally is likely to follow and the next station should be 1.1500 psychological barrier. Regarding the short-term, 1.1260 is considered as the hourly support, while 1.1365 is the nearest support in the 30minutes chart.

Support: 1.1365-1.1260-1.1140

Resistance: 1.1400-1.1450-1.1500
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