fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for EURO  Thu Jan 09, 2014 9:30 am | |
|  Technical Analysis for EURO The pair dropped yesterday touching levels below 1.350 achieving the suggested stop-loss. The pair failed to stabilize below the referred to level and is trading again above the key support level of the ascending channel. We currently prefer to remain neutral, whereas we need to confirm failing to break the support by trading stably again above 1.3620 while breaking 1.3560 levels and confirming it by breaking 1.3520 will trigger a new bearish wave. Support: 1.3560, 1.3520, 1.3500, 1.3470, 1.3420 Resistance: 1.3620, 1.3660, 1.3700, 1.3715, 1.3745 Recommendation Based on the above, we prefer to remain neutral waiting for confirmation signals | |
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