Forex Strategy

| 13 mars, 2014 | 0 kommentarer

To receive David’s analysis directly via email, please SIGN UP HERE

Talking Points

  • EUR/USD Technical Strategy: Longs preferred
  • Lack of reversal signal opens further gains
  • Clearance of 1.3930 may open up further advance

In the absence of a bearish reversal pattern for EUR/USD and a continued uptrend on multiple timeframes; a bullish technical bias is offered. The pair has seemingly shrugged off a Shooting Star formation on the daily chart that had hinted at some declines near the psychologically-significant 1.3900 handle.

Some sellers appear to be emerging near the mid-September 2011 highs at 1.3930 however there are few signs to indicate that a meaningful correction could take place. The next definitive resistance level at 1.4250 seems a mile away, suggesting the bulls may face a clear path ahead.

Confirm your chart-based trade setups with the Technical Analyzer.

Forex_Strategy_-_EURUSD_Sets_Sights_Higher_In_Absence_Of_Reversal_Signal_body_Picture_2.png, Forex Strategy - EUR/USD Sets Sights Higher In Absence Of Reversal Signal

4 Hour Chart – Created Using FXCM Marketscope 2.0

Forex_Strategy_-_EURUSD_Sets_Sights_Higher_In_Absence_Of_Reversal_Signal_body_Picture_1.png, Forex Strategy - EUR/USD Sets Sights Higher In Absence Of Reversal Signal

Daily Chart – Created Using FXCM Marketscope 2.0

— Written by David de Ferranti, Market Analyst, FXCM

Contact and follow David on Twitter: @Davidde

New to FX? START HERE

For live market updates, visit the Real Time News Feed

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *