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03.09.201513:12 Forex Analysis & Reviews: Technical analysis of EUR/USD for September 3, 2015

Long-term review

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Trading recommendations:

The daily technical levels of the EUR/USD pair on September 3, 2015. The market has been still moving between 1.1351 and 1.1133. Consequently, we expect the following scenarios. First outlook: buy (buy limit) above 1.1360 with the first target of 1.1392, it might resume towards the first resistance at 1.1452. Second outlook: below the level of 1.1333 look for further downside with the 1.1201 and 1.1140 targets. Besides, the weekly support will be set at the price of 1.1021.

Notes:

Stop loss should never exceed your maximum exposure amounts.
We expect a new daily range of 110 pips because today we have a lot of strong economic news.
Risk of 55 pips must make a profit of 110 (a risk to reward ratio of 1:1.5 is recommended).
As a rule, the market is highly volatile if the previous day had huge volatility.
Volatility: 198.24, therefore the market indicates the higher volatility.

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