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.
