EURUSD Forecast and Trade Setup for the week ending 5th September, 2014

EURUSD Forecast and Trade Setup for the week ending 5th September, 2014

Weekly Chart

Daily Chart

• We have touched and respected a daily support
• RSI has positive divergence

Hourly Chart

• On the hourly we have rejected from a resistance zone from an hourly chart
• RSI reading is rising

Outlook Trade opportunity

Because on the Daily chart, we have respected the support zone, we could do some long intraday trades.
If prices comes back to 1.313 and long trade for a 1:1 is ideal

Risk Level LOW

Tips -

Always take note of any economical news event on our provided calender below