Main Quotes Calendar Forum
flag

FX.co ★ EUR/USD Technical Analysis & Long Opportunity July 27, 2011

parent
Forex Analysis:::2011-07-27T12:15:21

EUR/USD Technical Analysis & Long Opportunity July 27, 2011

EUR/USD Technical Analysis & Long Opportunity July 27, 2011

EUR/USD is in a solid uptrend contained in the marked bullish channel since July 7.

Now the pair is retracing towards the support level 1.4343 marked on the chart.

This level is a solid support as it's confluence of the Fibonatcci levels , retest of the short term bearish channel broken before and the lower limit of the long term bullish channel.

So as we see the pair, the market offers a LONG opportunity around 1.4343 with TP at 1.4435 then 1.4515 .

SL should be 4H closure outside the bullish channel.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...