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Saturday, May 7, 2016

EUR/USD weekly overview (2016 05 09 - 2016 05 14)


EUR/USD seems was rejected by weekly resistance level one more time. Red candle is confirmation for the short positions. Deep inside i feel that EUR/USD has to go up in a long run but before that it may stay in the channel for a while. 

If price will break the resistance level with a strong movement that may be good signal for LONG positions.




NOTE:Information provided in this article is not a signal or recommendation for any trading/investment decisions. This is only my personal opinion and point of view. Please note that fundamental analysis is not included in this analysis. For futher details you can contact me by email kraucionisd@gmail.com.

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