Blog Home Closed Trades Paul’s Musings Website Information Harmonic Patterns
in EURUSD Morning Analysis - 16 May, 2015
by paul - no comments
#Forex #EURUSD for next week, a view on the daily chart

Here is a look at EURUSD as we go into next week .

eurusd daily chart

eurusd daily chart

You can see that we are into an area of resistance and the last 24 days the price has been in an uptrend.


Everyone who is already short keeps talking about how Greece is going to make the euro tank , well it hasnt happened yet has it.

To be going short we need to see price action confirmation and right here we should be going long either. This is going to be a wait and see on the daily chart if you are a daily chart trader. If we see the short side is confirmed then we may well setup a trade back to 1.055 (previous support)


Leave a Reply