Trader, analyst and instructor with a 6-year experience

L.Vereschagin: trading EUR/USD

Authored by Leonid Vereschagin, independent analyst and trader

Chart 1. Daily EURUSD

I forecast a bullish correction towards the broken daily trend line. In a longer term I still expect the pair to extend the decline. The 1.3800/30 area will act as a resistance. 

Chart 2. H4 EURUSD

Trade signal
Buy in a range 1.3670-1.3720
Stop Loss: 1.3630
Take Profit: 1.3810

Chart 3. H1 EURUSD

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