View Full Version : EURUSD Signals long time

03-24-2018, 08:12 PM
Short analysis: EUR/USD broad consolidation persists and monthly RSI is biased up. The trendline off February's high helps limit the upside and the pair slips back below the 10 and 21-day SMAs as well as the daily cloud top. Signals are mixed.

Trading strategy of Long time.
Price: 104.74
Open: 1.2330
Target: 1.2550
Stop-loss: 1.2245
Recommended size: 2.11 mini lots per $10,000 in your account

Short analysis: Pair sets a new low and RSIs are biased down to keep the overall bear view intact. On the other hand, the long lower wick on yesterday's candle suggests a bounce is due. We will wait for clearer signals before entering a new position.
You can convert this pair use to Convert EUR (Euro) to GBP (British pound sterling) (https://alpari.com/en/analytics/currency/converter/EUR-GBP/)