fxpulsation
Posts : 8759 Join date : 2012-01-25
| Subject: Technical Analysis for EURO Thu Feb 06, 2014 10:56 am | |
| Technical Analysis for EURO The pair is trading within a tight and volatile yesterday and attempted to move to the upside but remained limited below Linear Regression Indicators. Breaching the ascending channel still affects the pair and the bearish bias remains valid. Breaking 1.3455 is required to support the negative outlook, but we will depend on stabilizing below 1.3625 over intraday basis to keep the negative expectations. Support: 1.3500, 1.3455, 1.3400, 1.3365, 1.3315 Resistance: 1.3555, 1.3590, 1.3625, 1.3665, 1.3700 Recommendation Based on the above, sell the pair below 1.3540 targeting 1.3500, 1.3475 then 1.3400 and stop-loss above 1.3625 | |
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