fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for EURUSD Tue Oct 01, 2013 8:38 am | |
| Technical Analysis for EURUSD The Euro regained strength after Monday's weakness was contained above near-term consolidation floor and 55 DMA, with fresh gains above 1.35 handle, aiming towards the range's upper boundary. Lower timeframes studies are positive and support final push through 1.3567 peak, for resumption of larger uptrend towards initial barrier at 1.3600 and key resistance and near-term target at 1.3710, 01/02 annual high. Initial supports lay at 1.3536 and 1.3517, while loss of 1.3500 would weaken the structure again. Res: 1.3563, 1.3567, 1.3600, 1.3650 Sup: 1.3536, 1.3517, 1.3500, 1.3476 | |
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