Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.
After rejection from the daily trendline I mentioned before now it seems that price is correcting some of its bearish moves and an hourly trendline has held the price nicely.
Now until the price is below 112.90 I expect this bullish move is a retracement. You can see it in the H4 chart below:
So that would be a good short signal if an hourly candle closed below this trendline and if price went above 112.90 then a new bullish trend will be established as well.
Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.
If you want to receive my weekly report you can fill in the form here and we will send it directly to your email address.
Latest posts by admin (see all)
- How To Plan a Trade From Start to Finish - May 3, 2016
- How To Trade The Eur/Usd Right Now - April 29, 2016
- Eur/Usd Could Move Higher Based off of Support Pin Bar - February 19, 2016
Winner’s Edge Trading, as seen on: