EURUSD Daily Outlook for 20th December, 2013 (Friday)

EURUSD Daily Outlook for 20th December, 2013 (Friday)

Daily Chart

• Euro Continued to go lower, and now getting close to major support area of 1.3620
• We expect the market to stall and minor retrace at this area

Hourly Chart

• good buying opportunity right now while i post this blog!
• Prices are at major support area (61.8% retrace from swing from december)
• another 61.8 level from oct high to nov low
• good s&r area from day chart, 4hr, 1hr charts
• We expect the market to stall at this area and retrace from the recent down trend

Outlook Trade opportunity

Go long now at around 1.3620 - Have three levels of TP 1.365, 1.36670 and third is 1.37 with stops b.e

Risk Level - Low

Tips -

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

EURUSD 15min Bat harmonic pattern

EURUSD 15min Bat harmonic pattern

• Took the trade, and by the time i post this on the blog it was up 12 pips
• Took it because it was close to today's low, and hourly stoch was oversold

Took partial profit already

Cheers