EURUSD setup.

[stephane]

Buy on retest of 1,1360. On H4 we are going up, and that level is a 50 fib retracement line and a former resistance.

 

[stephane]

Update October 15th.
On the weekly chart the pair is retesting a bullish triangle resistance around 1,145. The SMA55, that resisted last time EU tried to go up, is also at that level.
A bullish break out of 1,15 on (H4 candle closing) would be a sign the pair will probably go further up (up to 1,20 ?).
A rejection of that resistance would probably mean a pull back on the 1,115 support.

 

[stephane]

Update October 15th.
On the weekly chart the pair is retesting a bullish triangle resistance around 1,145. The SMA55, that resisted last time EU tried to go up, is also at that level.
A bullish break out of 1,15 on (H4 candle closing) would be a sign the pair will probably go further up (up to 1,20 ?).
A rejection of that resistance would probably mean a pull back on the 1,115 support.

View attachment 21552

The resistance was rejected with a small gravestone doji, meaning more an indecision than a reversal. As the pair has been slowly drifting up since March, I would rather buy a signal above 1,115 than sell it.