the pair and as we can see from the chart has closed it's daily candle above the level of 1.7350 , so , that's mean the up trend is still standing and the pair is heading to 1.7375 then 1.7400
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the pair and as we can see from the chart has closed it's daily candle above the level of 1.7350 , so , that's mean the up trend is still standing and the pair is heading to 1.7375 then 1.7400
If a M15 close above 1.7300 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.7200 sell only and do not buy. If price closes back above it again do nothing
The range 1.7300 and 1.7200 is neutral area, any trade done in between is personal decision and not part of this analysis
the pair as we can see on the chart has success in breaking the level of 1.7300 and reached the level of 1.7275 , that's mean the down trend is standing and the pair might head to 1.7240 then 1.7200
broken downtrend already retested twice
only a matter of time until we break to the upside
suggest to buy with as next targed 1,7515
moving averages also tend in this direction
1 hour chart
we can notice from the chart that the pair has closed it's daily candle under 1.7300 , that's mean the down trend is expected and the pair might head to 1.7260 then 1.7220 , however the pair made a hourly correction
The price can not penetrate the resistance level at 1.7295 and resistance led to the return of the price to bottom
the screenshot is showing the trading has ended with the pair under the level 1.7300 and that's will make the movement continue in down trend to reach 1.7250 , and then the selling is suggested with a suitable stop loss level and targets equal 30 pips
Such is the case with the Aussie which saw steep declines last week amid volatile swings in global equities. Today’s reaction to French President Nicolas Sarkozy and German Chancellor Angela Merkel’s call for further European integration weighed on the euro as officials dismissed calls for the creation of a Euro Bond
we can notice from the chart that the pair has closed it's daily candle under 1.7400 , that's mean the down trend is expected and the pair might head to 1.7350 then 1.7320 , however the pair made a hourly correction
In the daily and weekly charts we can see some bearish sign - H4 bearish stochastic and daily bullish stochastic, but the pair is in the down side of the bollinger band. The conclusion is that this pair is very tricky.