(D) EUR/USD - Long: Trend Support
(D) EUR/USD - Long: Trend Support
- Has been on a strong uptrend since April. Uptrend support line shown on the chart was tested on the 21st, 23rd July and mostly recently 14th September at 1.18406; however did not brake.
- EMA 5, 15 and 60 all indicating uptrend.
- Using the uptrend line as support with backing from the Fibonnaci Retracement Support level 1.18436.
- The hammer candle on the 14th September indicated sellers pushed lower shadow prices down to 1.18406 but buyers forced prices above open; continuing uptrend.
- Enter around 1.19402
- SL around 1.18436
- Has been on a strong uptrend since April. Uptrend support line shown on the chart was tested on the 21st, 23rd July and mostly recently 14th September at 1.18406; however did not brake.
- EMA 5, 15 and 60 all indicating uptrend.
- Using the uptrend line as support with backing from the Fibonnaci Retracement Support level 1.18436.
- The hammer candle on the 14th September indicated sellers pushed lower shadow prices down to 1.18406 but buyers forced prices above open; continuing uptrend.
- Enter around 1.19402
- SL around 1.18436
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