kpmuraleedharan

EUR/USD, On daily chart RSI (14) has made a positive divergence indicating the selling is reduced.Hence it is time for to close the short positions and wait on sidelines.The price is trading above the break down support zone.It is better to wait on side lines till further signals are made by the chart.The Intermediate trend is however bearish.Good trading .Muraleedharan.

Hi
The dollar is getting strong.The price broke down the Fridays LP 1.4758 and on this Monday closed below the break down level on 1.4727.The dollar is showing further strength. Hence selling rallies or standing aside is the theme of the day.
Good trading .Muraleedharan

Weekly Candle stick chart shows an Intermediate term down trend.. Sell rallies to 1.4894 level or stand aside.Stops can be placed 20 pips above ie 1.4914.You can look for a target of 1.4500 level.
You should plan your entries in such way to get a risk reward of 3 times ie your entry is placed somewhere near to 4894 you can have a good low risk entry.If the price breaks above 1.4900 this week.This strategy has to be reviewed.Muraleedharan forexcentral - FOREX CENTRAL <!-- google_ad_client = "pub-9828133457736977"; /* ImageOnly Horizontal */ google_ad_s