EUR 0.00% 0.9315 euro

hmmm long or short

  1. 4,960 Posts.
    I beleive that the EURUSD is at a critical level here.

    On intraday timespans 5 minute up through to 30 I have momentum signals suggesting up, though Hourly has room for down and if one looks at the hourly then it is not impossible that we are looking at a head and shoulders potential so a break below very recent lows and a break of support could see this pair headin back to the lows of the 26th of march

    In the meantime, I have gone long, with stops below the recent low, attempting to capitalise on the intraday signals. and as suggested above, if we break I will be switching to short pretty quick.

    any thoughts appreciated and I will try to get some charts up in half an hour or so

    ;)

 
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