fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for EURO  Thu Oct 24, 2013 9:49 am | |
|  Technical Analysis for EURO The bearish attempts yesterday remained limited above 1.3710 levels keeping the overall bullish bias, as we might witness today an attempt to the upside. In fact, level 1.3835 represented in 113% Fibonacci is significant as it will determine the extension of the upside move. Anyhow, the bullish possibility remains valid unless the pair breaks 1.3710 levels. Support: 1.3765, 1.3710, 1.3685, 1.3655, 1.3600 Resistance: 1.3800, 1.3835, 1.3885, 1.3910, 1.3970 Recommendation Based on the above, buy the pair above 1.3765 targeting 1.3800, 1.3835 then 1.3910 and stop-loss at four-hour closing below 1.3710 | |
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