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EURUSD 60 Minute Chart Analysis

Sunday, January 8, 2017 21:23
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(Before It's News)

Screen Shot 2017-01-09 at 09.00.56

Hello traders and good to be back with you on this Monday as we take a look at the EURUSD 60 minute chart. As I do this in Asia we can see price action has been sideways to start the day. I like the Friday price action as that is what has set up the trade plan for today. I am looking for a pullback to the 61.8 Fibonacci level at the price level of 1.0569. We will then look for some bull weakness and enter a short trade. I am looking to take profit at the profit zone as marked on the chart at the price level of 1.0510. This can be a nice 50 pip trade for a Monday.

Thank you traders and we will talk soon…….William



Source: http://fxinstructor.com/blog/eurusd-60-minute-chart-analysis-18

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  • We need to be very wise and careful with how we go about doing things especially on this pair, as it can be very steady and can give us solid benefits, but only if we get it correctly. We should always try to keep it simple and straight forward, as only then we will be able to achieve greater results. For me, it’s easier through OctaFX with their small spreads, daily market updates, bonuses and all such setting, it’s just perfect.

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