EURUSD_Intraday_forecaste

24 Mar 2015

Set up for E/U_24/03/2014

Euro is at the moment, intraday, located Almost in the upside level @ 1.1010, but it can still not trigger the mid-green projected trend line at the level of 1.1006; a break up that level would push EURO to a further highs after a long depression under the greenback.
Our set up for both cases:
For Long scenario:

buy@1.1010 ( if the H1 candle closed at that level)
t/p@1.1150
s/l@1.0850


For short scenario:

Sell, if the candleH1 closed below fibs_ext_0.5@1.08945

t/p@1.08323

s/l@1.0950

Further short it,if:

The H1 candle will close below the level of 1.07894

t/p@1.0708

s/l@1.08457

Anyaway it depends very much on the data release of the US session (CPI). If that data would be worst than expected, then go long with it.

If the releasing data would be indecision, then the prices can be fallen down to the green box and trading in a range for further set up.

Trade well!

Makkaba team