Tuesday, 9 June 2015

EUR/USD 9th June 2015 Analysis


The zigzag drift of the EUR/USD market is making the market unpredictable, however in this case we are going to use the help of support and resistance to know the next line of action of the market direction, looking at the graph above, we can see the graph is going bullish, well i will explain we can see the resistance is at a point of 1.1400 and the Support is rising this suggest that the market is drifting to the upward direction however the market will continue to drift upward and break the Resistance at 1.14.
Hence for today's EUR?USD signal set your Exit spot at 1.1400 and your Stop loss at 1.1000