EUR/USD, strong trend line is holding on the way up

mario urlic forex eur-usd 18.08.

As you know, my main tool for the analysis and trading are trend lines as they are are playing very important role in the future moves. You can see on this chart that the trend line from December 2015 (1.0500) is holding the pair on the way up for 3rd day in a row at 1.1320/40 level. That’s why you should watch if the buyers can brake this level, after wich the pair could become more bullish and move toward 1.1460. In the case of braking this resistance, 1.1320/40 could become a solid support in the coming days. Let’s see are buyers want to brake this for real or they just want to take some stops above the trendline?

Advertisements

3 comments

  • Izgleda kao da su htjeli samo stopove iako 1.1300/20 drži danas prema nazad?

    Like

    • Moguće da, zato sam i napisao to jučer. No, podrška drži još uvijek također, iako bi za daljnji rast trebali gurnuti dan nazad gore na 1.1350/70 svakako.

      Like

  • Fantastic notice Mario, thank you. Miss yours analysis my friend.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s