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11 May 2015
Long EUR/USD above 1.1230 – Vladimir Mihaylov
FXStreet (Barcelona) - Independent Analyst, Vladimir Mihaylov, gives the trade setup as well as key upside and downside levels for EUR/USD, and further notes that the pair looks mildly bearish on H4 charts while below 1.1240.
Key Quotes
“EUR has made an attempt to break above 1.1370 resistance last week but it was not successful so the price is currently back to support area 1.1140-1.1150. Some 100 pips below is the Daily Sekou Span B price which now serves as another support. If we break below 1.1000 this week the next support will be 1.0860.”
“To the upside we have to deal with 1.1360-70 resistance first. As long as we are closing the day above 1.1150 bullish outlook won't be changed.”
“Currently on H4 things some kind bearish and won't change until we break above 1.1240, only then we shall attack 1.1360-70 again. On H4 we have two intermediate supports at 1.0980 and 1.0900 when we make our way to 1.0860. Fundamental news this week are in favor of the dollar mostly.”
“LONG EUR above 1.1230 SL 1.1220 TP 1.1260-1.1340-1.1380-1.1410”
“SHORT EUR below 1.1170 SL 1.1180 TP 1.1070-1.1000-1.0970-1.0900”
Key Quotes
“EUR has made an attempt to break above 1.1370 resistance last week but it was not successful so the price is currently back to support area 1.1140-1.1150. Some 100 pips below is the Daily Sekou Span B price which now serves as another support. If we break below 1.1000 this week the next support will be 1.0860.”
“To the upside we have to deal with 1.1360-70 resistance first. As long as we are closing the day above 1.1150 bullish outlook won't be changed.”
“Currently on H4 things some kind bearish and won't change until we break above 1.1240, only then we shall attack 1.1360-70 again. On H4 we have two intermediate supports at 1.0980 and 1.0900 when we make our way to 1.0860. Fundamental news this week are in favor of the dollar mostly.”
“LONG EUR above 1.1230 SL 1.1220 TP 1.1260-1.1340-1.1380-1.1410”
“SHORT EUR below 1.1170 SL 1.1180 TP 1.1070-1.1000-1.0970-1.0900”