If you evaluate the weekly chart: The candles in decision leading to a bullish decision (of this week) can push the pair up toward major psychological level 1.4000
See H4 chart:
Note: Levels I am watching are marked with yellow horizontal lines.
Friday, March 12, 2010
EUR/USD Testing
EUR/USD is testing a strong resistance levels : Which includes 200SMA, trend line from last years high and a short term target level 1.3735. If we break and retest we might move above 1.3800 next week.
If you evaluate the weekly chart: The candles in decision leading to a bullish decision (of this week) can push the pair up toward major psychological level 1.4000
See H4 chart:
Note: Levels I am watching are marked with yellow horizontal lines.
If you evaluate the weekly chart: The candles in decision leading to a bullish decision (of this week) can push the pair up toward major psychological level 1.4000
See H4 chart:
Note: Levels I am watching are marked with yellow horizontal lines.
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