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

EURUSD’s downward movement extends to 1.3105

Discussion in 'Technical Analysis' started by ForexCycle.com, Sep 8, 2013.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Joined:
    Sep 1, 2008
    Messages:
    914
    Likes Received:
    0
    EURUSD’s downward movement from 1.3451 extends to as low as 1.3105. Resistance is at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to resume, and further decline to 1.3000 area is still possible. On the other side, a clear break above the channel resistance will indicate that the downtrend from 1.3451 is complete, then another rise towards 1.3500 could be seen.

    [​IMG]

    Provided by ForexCycle.com
     
  2. vic84

    vic84 New Member

    Joined:
    May 23, 2013
    Messages:
    115
    Likes Received:
    2
    the pair is good for the short term traders....
     
Loading...

Share This Page