Weekly technical levels:
Forecast:
The weekly resistance two will be formed at a strong level to short selling at the level of 1.5390 with a first target of 1.5315, it might resume to 1.5255. A stop loss should be placed above resistance at 1.5445.
Warning:
Stop loss should never exceed your maximum exposure amounts. Risk to reward ratios is important and should be calculated.
Example:
A risk reward ratio of 1:1.5 is recommended: Risk: 70 pips should be making a profit of 105 pips. <=> 70 pips * 1:1.5 = 705 pips.
If you have any questions or requests, please feel free to contact me: mourad.elkeddani@analytics.instaforex.com.