fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for EURUSD  Tue Mar 19, 2013 9:30 am | |
| Technical Analysis for EURUSD The EURUSD closed the gap yesterday, topped at 1.2994. The bias is neutral in nearest term. After broke below the bullish channel, price is moving inside a bearish channel and still make lower highs and lows. Overall I still prefer a bearish scenario with sell on rallies strategy at least testing 1.2875 support area which needs to be clearly broken to the downside to continue the bearish scenario. Immediate resistance remains at 1.3000 followed by 1.3100/20.  | |
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