Forecast on EUR / USD

Good afternoon. As I suggested in the previous article of currency euro, pound and so on. started its correction against the dollar. Those who have read the previous article I promised to tell on what levels is better to sell the euro.

Why sell? That because the underlying trend niskhodischy (medvezhy), but in my experience (I hope that not only mine) that put orders against the trend may sadly end. Trend for EUR / USD could be considered a rising only when the candle closing of the trading day is higher than the level 1.0895.

Before I move on to specific numbers should be taken into account as an important factor volativnost currency. It is unlikely that the euro will volativnost large (compared to last week) because this week is very little economic data coming out that may substantially affect the quotation currency (except Friday). This suggests that it is unlikely that we can get in a short time a large profit (such as the pound last week) For this reason, we need to put a small goal, namely, take profit.

We now proceed directly to the numbers. I will give an example of eur / usd. I believe that it is necessary to sell the euro from levels 1.0835-1.0845. Take profit set near the low of last Friday 1.0715-1.0725. Stop Loss:1.0890-1.0900. Thus we will make a profit in the 110-120 points, loss of 45-60 points.

All successful trading.