Forex Strategy: EUR/USD Receives Confirmation of Bullish Pattern

| 7 februari, 2014 | 0 kommentarer

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

Talking Points

  • EUR/USD Technical Strategy: Inside Day confirmation hints at further gains
  • Euro breaks above resistance at 1.3530 suggesting renewed upside momentum
  • Downtrend and other bearish signals suggesting overall technical mixed bias for EUR/USD

The confirmation of an Inside Day / Piercing Line candle pattern recently suggests that further gains may eventuate for EUR/USD. However, other technical signals including a prevailing downtrend on the daily supports a bearish bias. This leaves an overall mixed technical bias for the pair.

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

Forex_Strategy_EURUSD_Receives_Confirmation_of_Bullish_Pattern__body_Picture_5.png, Forex Strategy: EUR/USD Receives Confirmation of Bullish Pattern

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

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 *