4 Feb 2016

EUR/USD UPSIDE BREAK - WHAT'S NEXT?

EUR/USD H4

The rate broke it's one-and-a-half year falling trendline resistance yesterday. The immediate attention should now be turned to the last year's rising channel support as it comes in at the new resistance and the the long term level of interest at 1.1500.

This break before this week's largest risk event (NFP) turns my overall bias to flat.

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2 comments :

  1. How to trust brokers that are advertising from Europe?

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    Replies
    1. Well, first it is important that they are registered with the FCA (Financial Conduct Authority). I myself reccomend either Darvinex or FXCM

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