EURUSD: Strong Fake Signal?

FX:EURUSD   Euro / US-Dollar
5253 29
Finally the long awaited NFP data was released, and was slightly below market expectations, and created a clear reversal signal in the closing week. Since last May, we have identified a strong support area 1,08 and up to now has always held. Even the time frame show high for some time an action can rebound ( Bullish Engulfing on the monthly chart and a bearish engulfing pattern on the weekly chart is complete). If you want to follow step by step this setup, but also want to know what would be the level of entry on the market without having a large drawdown, visit our forum


I do appreciate all views be it a like or comment for our analysis Thanks!

EUR/USD will fall to 1.09 until September 2 the price only raise since china.So its a fake longbreakout.
four thumbs up ..
Absolutely Brilliant, no word to describe buddy, kept it up.
+1 Antworten
thank you very much!! :) Happy trading!
+1 Antworten destination..... on H4!

good swing at the moment........ what do you think?

+3 Antworten
NewActarus SignalSwiss
no comment.... lol..... :)
+1 Antworten
How is that a false signal? We just came back down to test support gained, for the first time. Also, if you zoom out, you can clearly see we were accumulating to retrace the leg that brought us down. Have to exhaust every level within the leg before we can leave the leg.

+1 Antworten
VincentWhiting SignalSwiss
Looks like we got our pullback, so long here we go. thanks.
+1 Antworten
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