fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for EURO  Thu Jan 23, 2014 1:34 pm | |
|  Technical Analysis for EURO The pair traded yesterday in a tight range but failed to stabilize above Linear Regression Indicator 34 and is currently trading below the minor resistance 1.3560. Stability below 1.3625 strengthens the bearish possibility, whereas stability below the referred to level keeps the pair outside the ascending channel showing on graph. To confirm the downside move, the pair has to break 1.3520 today and confirm the break by stabilizing below 1.3500. In the recommendation section, a buy order is added if the pair breached 1.3625 levels. Support: 1.3520, 1.3500, 1.3470, 1.3420, 1.3400 Resistance: 1.3560, 1.3595, 1.3625, 1.3665, 1.3700 Recommendation Based on the above, sell the pair below 1.3560 targeting 1.3520, 1.3470 then 1.3400 and stop-loss above 1.3625 | |
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