Forex Trading Pros: Forex Trading

Wednesday, 22 March 2017

Forex Trading

The EUR/USD Forex is trading lower at the mid-session but inside yesterday’s range. This typically indicates investor indecision and more volatility.

The main trend is up according to the daily swing chart. A trade through 1.0819 will signal a resumption of the uptrend. This could fuel a rally into the December 8, 2016 main top at 1.0872. A trade through 1.0718 will turn the main trend to down.

If 1.0718 fails as support then look for a further break into the retracement zone at 1.0700 to 1.0660.

Overcoming the steep uptrending angle at 1.0798 will put the EUR/USD in a very bullish position.

Happy Forex trading

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