Tuesday, October 20, 2009

EUR/USD Technical View Point

EUR/USD: Pair hold a strong trend line and is above 1.4900.

Next target if the pair moves above 1.4968 Fib level will be 1.5053.

A move below 1.4829 will open doors for 1.4715 (trend line).


Technical picture is still bullish.
Support at 1.4885
Trend line at 1.4900
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1 comment:

  1. UnknownOctober 27, 2009 at 3:04 PM

    Hello,
    Yes technically it´s bullish but
    i think it will retrace to 200 sma and than start to rise back its bullish way. Do you agree ?

    ReplyDelete

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