Hello,
I’m by far not the most experienced trader but does anyone have any thoughts on the eur/usd?. The 4hr chart looks interesting 13.21Gmt
Like to hear any thoughts.
CSM
Hi Candlestickmaker.
I’ve also been watching the 4hr EURUSD - looks like a classic pullback to the 38.2 Fibo level. I’d like to see a 4hr candlestick close above both the 3300 psychological level plus my pet EMA before considering going long, though my favourite oscillator has already moved up from the oversold zone. I guess TP would be placed just below 3400 if I were to go long. I’ve also noticed the latest higher low in price correlates with a lower low in my oscillator - is this a valid hidden bullish divergence signal? What do you think?
I’m also bearing in mind that at current levels the price is in an area of historical resistance on the daily chart plus fundamentals over the Eurozone temperamental at best! My decision today was just to watch and wait though I also am only a ‘newb’ - any other thoughts gratefully appreciated!!
Regards,
J