EURUSD Weekly Outlook May 4th 2015
EURUSD DAILY
1. Identified 1.10-1.11 as a probable support zone. This level acted as resistance in the past and may act as support in the future.
2. Identified 1.1478 - 1.1546 as a probable resistance zone. This level acted as resistance in the past.
3. I will be looking to buy EURUSD in the 1.10-1.11 zone given I get a buy signal on a lower time frame (H4, H1, or M15). This buying signal can be
- A bullish candlestick formation
- Bullish Divergence (either through MACD, RSI, Stochastic, Momentum, etc.)
1. Identified 1.10-1.11 as a probable support zone. This level acted as resistance in the past and may act as support in the future.
2. Identified 1.1478 - 1.1546 as a probable resistance zone. This level acted as resistance in the past.
3. I will be looking to buy EURUSD in the 1.10-1.11 zone given I get a buy signal on a lower time frame (H4, H1, or M15). This buying signal can be
- A bullish candlestick formation
- Bullish Divergence (either through MACD, RSI, Stochastic, Momentum, etc.)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.