FOREX.TODAY

Our Blog

EURUSD Daily Chart Analysis

Profile photo of Nuno Lampreia – Forex.Today by Nuno Lampreia – Forex.Today
2016-01-10_20-06-03eurusd

2016-01-10_20-06-03eurusd

Price printed a 123 price pattern on this eurusd daily chart.

Note the last candle that was provided on Fridays  NFP with the lower wick and closing at the top.

Then we should also note a W pattern on the stochastic indicator which tends to be a bullish pattern.

In this scenario I would only condisder bullish sentiment even if it is just for a few days due to my bearish fundamental view.

If you do not mind to counter trade the a target might be at number 4 where the blue 200 day moving average will most likely be located.

BEST OF PIPS

Your nameYour emailYour text

Leave a Reply

Thank You

Thank you for signing up. Confirmation will be sent to your inbox shortly. You can login here

Log in
Register
Send message