Daily Chart
04-Hour Chart
30-Minute Chart
(CLICK ON THE CHART TO ENLARGE IT)* 1.9550 is a major support. It´s the high on Dec. 18th, 2.004.
* Weekly shows RSI too far away from its Moving Average and Momentum already turning up. Possible bullish move;
* Dailies show a Hammer after a major bearish move and at the major bottom of price zone 1.9550 with RSI showing a bullish divergence and prices too far away from the 62EMA (Moving Average rubber).
* 04-Hour chart shows a beautiful Wedge Falling (see white lines);
* 30-Minute chart shows a hammer at the bottom of the Wedge Falling (yellow lines).
I go for the long side, so my points are:
* BUY failure 1.9550 with STOP 1.9525 and 1st LIMIT 1.9650. Close half your units, move your STOP to 1.9580 and new LIMIT at 1.9830
* BUY break 1.9660 with STOP 1.9580 and 1st LIMIT 1.9650. Close half your units, move your STOP to 1.9580 and new LIMIT at 1.9830
If bearish trend resumes, points are:
* SELL failure 1.9600 with STOP 1.9620 and 1st LIMIT 1.9480. Close half your units, move your STOP to 1.9550 and new LIMIT at 1.9380.
* SELL break 1.9550 and 1.9500. All with tight 15-pip stop. LIMIT at 1.9380.
