EURUSD Weekly Outlook May 4th 2015
EURUSD DAILY
1. Identified 1.10-1.11 as a probable support zone. This level acted as resistance in the past and may act as support in the future.
2. Identified 1.1478 - 1.1546 as a probable resistance zone. This level acted as resistance in the past.
3. I will be looking to buy EURUSD in the 1.10-1.11 zone given I get a buy signal on a lower time frame (H4, H1, or M15). This buying signal can be
- A bullish candlestick formation
- Bullish Divergence (either through MACD, RSI, Stochastic, Momentum, etc.)
1. Identified 1.10-1.11 as a probable support zone. This level acted as resistance in the past and may act as support in the future.
2. Identified 1.1478 - 1.1546 as a probable resistance zone. This level acted as resistance in the past.
3. I will be looking to buy EURUSD in the 1.10-1.11 zone given I get a buy signal on a lower time frame (H4, H1, or M15). This buying signal can be
- A bullish candlestick formation
- Bullish Divergence (either through MACD, RSI, Stochastic, Momentum, etc.)
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