fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Technical Analysis for EURO  Wed Jan 15, 2014 10:50 am | |
|  Technical Analysis for EURO The pair failed to extend trading above 1.3660 at 38.2% correction, as stability below it weakened the upside move but the pair is stable above the key support level of the ascending channel; therefore we hold on to our positive expectations. Stability above 1.3590 today will force us to expect a new attempt to the upside, but breaking this level is negative because it triggers negative signals on technical indicators. Support: 1.3625, 1.3590, 1.3560, 1.3520, 1.3500 Resistance: 1.3660, 1.3770, 1.3715, 1.3745, 1.3775 Recommendation Based on the above, buy the pair above 1.3630 targeting 1.3715, 1.3745 then 1.3775 and stop-loss below 1.3590 | |
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