fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for EURO  Tue Dec 17, 2013 1:53 pm | |
|  Technical Analysis for EURO The pair is fluctuating around 88.6% correction and is currently showing some positive attempts, while the overall downside move remains valid till now as long as the pair is below 1.3830, whereas the negative effect of the harmonic Bat Pattern continues as showing on graph. The awaited targets reside at 1.3705 and extend towards 1.3565 levels. Support: 1.3715, 1.3655, 1.3600, 1.3585, 1.3565 Resistance: 1.3775, 1.3800, 1.3835, 1.3880, 1.3910 Recommendation Based on the above, sell the pair below 1.3755 targeting 1.3705, 1.3655 then 1.3565 and stop-loss above 1.3835. If the stop-loss was triggered, buy the pair above 1.3835 targeting 1.3880, 1.3910 then 1.3990 and stop-loss below 1.3770 | |
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