Leonid graduated from Donetsk National Technical University, specialization "Automation and process control". He came to the market five years ago. As a basis of trade he uses indicator «Murray levels» , also prefers the classical technical analysis.

EUR/USD may withdraw from the short-flat

Price briefly is in the hallway between the levels of 1/8 (1.1047) and 3/8 (1.1169). Consolidation below STH4 and the level of 2/8 (1.1108) can be regarded as a signal for the continuation of the bearish trend. The target is a key level 0/8 (1.0986). About such a scenario also indicates falling STH4, and a fall could happen from the current position. However, the breakdown STH4 can not be excluded, whereby the price will continue to move in the channel and reach the level of 3/8.  

Trade recommendation:

Sell – 1.1075; sl – 1.1130; tp – 1.0980. 

Scroll to top