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EURUSD Forecast August 18, 2016

Forecast EURUSD / Euro-Dollar August 18, 2016

The day was closed with white candles above the ABC + channel, there was a retest, although the candle is closed with candles with equal tails + is still below the brown one (or the red line in the chart below - D1 is a shorter chart).

In general, we are waiting for the approach to brown or it is red on the chart above and most importantly - closing the day relative to it!

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All signals for August 18 for the EURUSD currency pair are shown in the figure:

We also consider the chart H4 at least, therefore the signals on the interval H4-D1 - they have not changed at all since yesterday:

  • Breakdown of red + retest and hang up on H4 - sales to lilac. Stop is not defined yet.
  • Shopping above brown after retest and hang up on D1!

I don’t see any good signals for H1 yet ... Why - described at the beginning of the forecast for the D1 chart.

Template MT4 - eurusd_18_08_2016 (archived)

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