FOREX SIGNAL AT MQL5

EUR/USD ANALYSIS: 09/ 09 - 14


Last week, the fundamental analysis of EUR was not good while U.S was good, so we saw a EUR/USD was down 100 pips.

This week, the EUR has Interest Rate Decision on Sept. 13, which may cause a volatile.

For the Technical Analysis, the EUR/USD has formed Descending Triangle right now.
With many Big News this week, I has developed two strategies to play with this pair:

- Strategy 1: Price is tested the previous bottom at  around 1.1550 level, if it is valid, the pull back near the trend line is possible. So I will trade inside a triangle range for some profit.

- Strategy 2: We can wait the breakout below 1.1550 to sell, and the target may be aroud 1.1505 for short term.

For reference: My system has a sell signal right now.

EUR/USD ANALYSIS
My forex anlysis  philosophy is to follow the trend not to predict the trend, so we should pay attention if the market has big News like this week.



FOREX SIGNAL AT MQL5