FXLORDS Increase Your Profits
Pivot: 1.3650
The Last Position, Sell EURUSD pair at 1.3505 achieved the first target 1.3440. However, and given the weakness in the Euro and the opposing strength from the USD, we will modify the second Take Profit target at 1.3400 to extend it to 1.3330, which is expect to touch by the end of the week.
Stop Loss: A close above 1.3500
Conviction: The pair is failed upon testing the third test of last week’s high at 1.3510, CCI is in the over bought level already, RSI is becoming weaker as it is facing falling trend line on the 1 day RSI diagram. Fundamental Analysis suggesting EU weakness.
| Support 1 | Support 2 | Support 3 | Resistance 1 | Resistance 2 | Resistance 3 |
| 1.3450 | 1.3400 | 1.3370 | 1.3510 | 1.3550 | 1.3580 |
In addition to the daily technical analysis, fundamental outlook and daily recommendations, FXLords provides an interactive section for members, giving them the opportunity to discuss their ideas, comment on the trades of others and follow the advice of FXLords’ experienced members. In doing so, FXLords has opened channels to support traders and money managers in developing all the skills needed by professional traders.
