29th April Fibonacci Forex signals EU/USD
Posted by admin | Posted in Fibonacci FX Signals | Posted on 29-04-2009
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We did some analyze for today, because e/u is moving in direction which will allow us to enter early into trade. E/u break our second resistance point at 1.3204 and is now trying to test it again. If it goes down under 1.3168 then we will go short and enter into trade. Our short support lines are:
1: 1.3083
2: 1.3024
3: 1.2973
If resistance line of 1.3204 is breach by 11 pips or more we will think that e/u will test 1.3347, but we wont buy long because of higher risk. We will follow it and if we get signals we will go short and previous mentioned support lines will be our targets.
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Ok it looks like short is coming at 1.3340 because our 3th resistance level didn’t brake and it bounce, so we predict it will go down from now on. Check support lines. It will be deep fall.