The
pair managed to move slightly to the upside benefiting from stabilizing
above 1.2970, as trading above that level is positive today and the
rest of the week. It is important to breach 1.3115 levels for the
bullish possibility to increase.
The trading range for this week is among the key support at 1.2725 and key resistance at 1.3230.
The general trend over short term basis is to the upside targeting 1.3600 as far as areas of 1.2970 remains intact.
Based on the charts and explanations above, our opinion is buying the pair above 1.3000 targeting 1.3180, 1.3165 then 1.3230 and stop-loss with four-hour closing below 1.2970. In case of stop-loss, selling the pair below 1.2970 targeting 1.2905, 1.2845 and 1.2780 and stop-loss with four-hour closing above 1.3030 might be appropriate this week
http://charts.mql5.com/1/936/eurusd-m15-fxcm-chile.png
The trading range for this week is among the key support at 1.2725 and key resistance at 1.3230.
The general trend over short term basis is to the upside targeting 1.3600 as far as areas of 1.2970 remains intact.
Based on the charts and explanations above, our opinion is buying the pair above 1.3000 targeting 1.3180, 1.3165 then 1.3230 and stop-loss with four-hour closing below 1.2970. In case of stop-loss, selling the pair below 1.2970 targeting 1.2905, 1.2845 and 1.2780 and stop-loss with four-hour closing above 1.3030 might be appropriate this week
http://charts.mql5.com/1/936/eurusd-m15-fxcm-chile.png
http://charts.mql5.com/1/936/eurusd-m15-fxcm-chile.png
charts.mql5.com
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