EUR/USD M15 Chart – The price is currently on a EUR trend. By having the price reach around the 1.3035 level after having broken the minor resistance at 1.2993, there will be an opportunity to continue on the EUR trend to around the 1.3179 level. As usual, be careful of the pullbacks. My trading system does not show any possible entry opportunity before the above but for folks who want to go ‘fishing’ for early entries then below 1.2930 is a siren call for a USD move while you can start panicking by having the price go below 1.2873.
EUR/USD Daily Chart – The USD trend for the past month is showing a possible potential for a EUR move towards 1.3485 or lower. Optimally the entry could be found within the 1.3025 to 1.2705 price levels. As usual, be careful of the pullbacks. By having the current price going further below 1.2705 then one has to ponder whether there will be any significant EUR movement in the next few days or even weeks.
Fx360 Supporting Data:
Disclaimer: Trading in the FOREX market & other forms of investments involves risk. This information should not AT ALL be viewed as investment recommendations. The charts & information provided here are not meant for investment purposes & only serve as technical examples.
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