#EURUSD Long Trade. Bounced off 38.2fib, 200MA & Horizontal sup

14 May 2017

EURUSD bounced off 38.2 fib @ 1.0845, confluence with Horizontal support and 200 day moving average. Went Long at 1.0870 adding on pullback to 1.0890 area. Initial resistant at 1.0952 which is 6.8 fib of 1.0255/1.0840 or at 1.0980 (78.6 fib).

16 May 2017

Not

We are approaching resistance at 1.1070 (1.27fib of last move down i.e 1.10217/1.0835)