Monday, February 08, 2016

Technical Analysis of Eur/usd for the day 09-Feb -2016

Euro dollar Technical Analysis based on Candles and Support and Resistance

Hi Readers, Starting from Today I would regularly update the blog with the possible ideas whenever an opportunity is available at the end of U.S session. My analysis are purely based on supply and demand and I will cover Eur/usd, Gbp/usd and Usd/Cad, Gold and Crude.
My technical updates will valid when European session begin till the end of London and will update when to cover and when to trail.

Eur/usd Technical Analysis based on Supply and Demand and Price Action


Idea is we have strong reversals coming from the low at the start of U.S session but If there is panic in buyers they will probably test the highs with full volume and If there strong money involved there would cash Inflow at the start of most active session and Price will get rejected from 1.1245 area again and we will put stops few pips above the rejection and look to target today's low which is around 1.1090 area.

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