1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

EURUSD trades in a narrow range above 1.2659

Discussion in 'Technical Analysis' started by ForexCycle.com, Sep 9, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Joined:
    Sep 1, 2008
    Messages:
    914
    Likes Received:
    0
    EURUSD trades in a narrow range above 1.2659, a breakdown below this level will indicate that the downtrend from 1.2917 has resumed, then another fall towards 1.2587 previous low could be seen. Resistance is at 1.2765, a break above this level will suggest that a cycle bottom had been formed at 1.2659 on 4-hour chart, then further rally towards 1.2917 resistance could be expected to follow.

    [​IMG]

    Daily Forex Signals
     
Loading...

Share This Page