fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for EURO  Wed Nov 06, 2013 10:15 am | |
|  Technical Analysis for EURO The pair managed to rise again after failing to break the bullish key support level from bottom A and C of the AB=CD bullish harmonic Pattern. We cannot favor the intraday upside move in light of extending trading below the first target of the pattern at 1.3555, as we cannot currently favor the upside move after failing to break 50% correction and the referred to bullish support. Therefore, we will remain neutral in this report waiting for confirmation signals. Support: 1.3505, 1.3480, 1.3465, 1.3445, 1.3400 Resistance: 1.3520, 1.3555, 1.3580, 1.3600, 1.3660 Recommendation Based on the above, we prefer to remain neutral waiting for confirmation signals | |
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