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  4. EUR/USD Signal- August 16, 2012
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EUR/USD Signal- August 16, 2012

By Alp Kocak
Alp Kocak
By Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.

Currency: EUR/USD
Trend Expected Direction: Flat
Method: Ichimoku, Technical Analysis
Description: EUR/USD found support at the bottom of its ascending trade channel and turned north. 30M and 1H charts are bullish as prices are moving above the kumo. We also have bullish Tenkan-sen and Kijun-sen crosses.
Recommendation: Long
Target Area: 1.2385
Stop-Loss: 1.2290

EURUSD signal 81612

Alp Kocak
By Alp Kocak
Alp Kocak has been trading Forex since 2003. He writes technical analysis based on Japanese candlesticks and Ichimoku Kinko Hyo.

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