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RE: Eur/Usd: Daily Market Trends Update 5/9/2018

in #forex6 years ago

if the 4 hour 1822 holds w/o a LL.. It had a good chance to test 1.2.. the target likely to be 1970 or more. A close tomorrow above 1858 would help. Chances are decent near 1822 will happen in the next 23 hours.. Void the 1970 target with a LL.. The month week and day have a lower close. The trend is lower. Buying w/o being near 1822 is probably not a good thing. "Near" is not precise.. the closes I posted mean the lows are likely to be tested or deeper. So its better to wait above 1822 so the stop risk is smaller. The trend is against this long. Try to risk the least amount for the 1970 reward.