EURUSD Forecast and Trade Setup for the week ending 5th September, 2014
Weekly Chart
Daily Chart
- We have touched and respected a daily support
- RSI has positive divergence
Hourly Chart
- On the hourly we have rejected from a resistance zone from an hourly chart
- RSI reading is rising
Outlook Trade opportunity
Because on the Daily chart, we have respected the support zone, we could do some long intraday trades.If prices comes back to 1.313 and long trade for a 1:1 is ideal