fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for EURO  Tue Dec 10, 2013 10:45 am | |
|  Technical Analysis for EURO The pair extended bullishness reaching levels close to 1.3775 which we referred to yesterday as a Potential Reversal Zone of the double harmonic formation showing on graph. Till now, the bearish harmonic formation isn’t confirmed yet and we prefer to remain neutral in our European session report to monitor the pair’s movement around the mentioned level which will be a very significant interval today and the rest of the week. Support: 1.3745, 1.3715, 1.3660, 1.3625, 1.3600 Resistance: 1.3775, 1.3800, 1.3835, 1.3885, 1.3910 Recommendation Based on the above, we prefer to remain neutral waiting for confirmation signals | |
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