Having been sold for 5days in a row, EURUSD tested today morning (at the begging of this week) it's new low creating a doji. I prefer to analyse the daily chart today because after a big move like the previous 300+ pips movement, we can see more clear the supports for this pair. EURUSD seems to find support at the level of 1.3440 following better the 100-days SMA. The trading idea for today is to buy after at the level of 1.3510 putting a stop loss at 1.3480 and take profit at 1.3570.
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Monday, November 04, 2013
EURUSD Trading Idea 04.11.2013
Having been sold for 5days in a row, EURUSD tested today morning (at the begging of this week) it's new low creating a doji. I prefer to analyse the daily chart today because after a big move like the previous 300+ pips movement, we can see more clear the supports for this pair. EURUSD seems to find support at the level of 1.3440 following better the 100-days SMA. The trading idea for today is to buy after at the level of 1.3510 putting a stop loss at 1.3480 and take profit at 1.3570.
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