EURUSD Weekly Chart

11 thg 6, 2017

Let's look at the weekly chart and get insight how to trade within the next week. Price reached the possible reversal zone between 1.12500-1.13000 levels. We have a bearish candle which confirms that price bounces from the resistance level. RSI and MACD histogram also confirm price reversal. We could have a good short opportunity but DMI confirms strong up movement. For opening short trades based on weekly signals, it's better to wait for the moment when ADX line starts falling. As for the daily and hourly charts, we can sell with stop orders above 1.13000 level. Profit target can be at 1.10000 level. As for long trades - it's better to wait when the market drops below 1.11000 level or search for trading signals based on minutes charts. These long trades must be opened based on solid signals and have close profit targets.