EUR vs USD Finding Kijun Support

2015年5月7日

Looking at the EUR vs USD H4 chart we see price finding support at the Kijun level at 1.12270 slightly below the fractal support at 1.12556. We will look to take a long trade as price bounces on these levels. With price being above the Kumo and all signs bullish on the H4 this compliments the smaller time frame long position. We look for our entry at 1.13069 and target at 1.14697. I don't see price moving much further beyond this level as the daily bias is bearish and shows no signs of letting up so this is a short term correction of the daily time frame. Visit us at fxatoneglance and God bless!