EUR/USD End Of Year 2008

Posted by SuduKarat

Salam,

EURUSD has no changes since yesterday and there is no surprise. Festive season already started and market will continue to be slow. Price could make some big movements, but that would be due to lack of volume. Best thing to do is to go out with your family, girlfriend/boyfriend and for a while forget the market.

But if you are choose to trade here some opinion as reference :

EUR/USD H4 Extract:

Support n Resistance line @ 1.3922/1.4013, for the last 2-3 day lately price are moved within these tunnel. If we look at latest price now @ 1.4057 and high @ 1.4112.. Are there a little breakout for these Support n Resistance? If there a breakout we will see 1.4195 - 1.4369 (Fibonacci Expansion) FE 100.0, FE 161.8

On chart we can see level FR 61.80 @ 1.4618, Fibonacci Retracement for Weekly Chart already reach. Are this price action will be re-test to make new high??

Another point of view.. i show u something simple chart for reference :

Price range on that chart @ Support: 1.3095 , Resistance : 1.4701
I was looking Price Action will be in range this tunnel of S & R. There are 2 (two) Trenline there..
Current price already below 1st TL (Dot Line), will it test @ Red Trendline.

So, u already reading. Then, now it's time to wait for next week market session and making ur entry. Decission is your.. I'm not give u a Trading Call just an opinion if there can used as reference and suuport your point of view. My friend told me " Own analysis would help their owner a lot'

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Comente!!


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