EURUSD Daily Preview and Trade Entered

  • Rate this Story
  • 0
  • 0

By William Gilday | December 20, 2013 9:49 PM EST

Fx Instructor

EURUSD: This pair on the daily chart is showing an uptrend and at this point looks to be in a correction wave and we have placed a fib on the current swing and it is stuck on the 38.2 fib. Looking for this to continue to rise and follow the trend.

Daily EURUSD Preview

The 4 Hour chart is confirming what the daily chart is saying so we will not make any changes at this point. The 1 Hour chart is in a range at the 1.3635 price area as I have taken a trade to the upside and looking for 170 pips in the next week or so. I have an entry at 1.3640. The 15 minute chart is looking the same in a range and very little price movement. My stop in this trade is at 1.3592 which is a 44 pip stop from my entry.

  • Rate this Story
  • 0
  • 0
For more forex information, go to FxInstructor.com.

Join the Conversation

IBTimes TV
E-Newsletters

We value your privacy. Your email address will not be shared.