Friday 2 December 2016

EUR/USD 2 DECEMBER 2016 4HOUR




Price bounced off the 786 at the 553 level yesterday and tested it again before rallying. We are currently at the B high, we are expecting price to break resistance and continue up. Limits are set at 739.

Else if resistance holds at this level then we are looking for price to fall down towards the A low over coming sessions.

FOR TODAY: Will be going short if:
IF we get a clear bearish cs formation from current levels then we will enter short with limits 10 pips inside the A low.

FOR TODAY: Will be going long if:
We are currently long after a bullish cs formation down at the 553 level. We are looking for price to extend. Limits are set at 739.

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