EURUSD -CAUTION

Hello everyone,

Its been a very terrible market - talking about EURUSD since my last post and i am going to explain some other facts, which MAY be a reason for the terrible indicisions in the market.

The EURUSD is around a very strong support zone as you can see on my 1hr CCI100 (filtered 100sma) and that is my major trend in the 1hr timeframe and also i can see BIG resistant on the DAILY timeframe as you can also see on the Daily timeframe. I know the daily timeframe shows a major resistant zone which obviouly the market find very difficult to break today as at 5:05 GMT+1. Its good to keep the LONG with the stoploss in place or avoid the market completely until a better and friendly price action come in place. Because my CCI is still BULLISH i will buy more confirmed DIPS for few pips.

Will welcome more comments.

Have a good day!

James

EUR/USD - RECOVERY EXPECTED

Hello everyone,

Its been a while and i decided not to post any analysis after the NFP, waiting for a good market condition, and I think i spot one on EURUSD.

The MACD ready for a rally and just confirmed it with good market strength on ADX. 1.47000 must be defeated for a good 40-50pips profit. Stoploss should not be more than 80pips.

Let us watch together.

James.