Technical analysis by AMEGA - Opinion
Fundamental analysis: we are seeing a pronounced short-term bullish trend. Price failed to break strong resistance at 131.982 and fell back slightly. Important news on the EU and Japan is not expected today.
Technical analysis: the long-term trend is also bullish since 2012. Immediately on the H1 and H4 charts, we will pay attention to an important psychological moment - prices rest on the upper edge of the screen, seem (but are not) too high. Psychologically more comfortable in this case see in 131.982 - "the top", and play on roll. But most often in trading comfort is equal to losses, and vice versa – profitable trading solutions are "inconvenient".
Trading recommendations: we follow the short-term bullish trend, the long positions are above 131.982. Cancellation of this scenario and correspondingly short positions - below the level of 130.800.
Sincerely, Sergey Ryazantsev - financial analyst of brokerage company Amega
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It’s recommended to try to have a short position near the control resistance zone 1.13742-1.13650 (100 points from current minimum) with using the pattern «Head&Shoulders» at least on timeframe M15.