search CFD Spy

Advertising





Most Popular


got trading broker knowledge? Why not Submit a rating and review today!
Compare Online Trading brokers

1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading ... Loading ...

April 3rd, 2012, 3:13 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

EURUSD moves sideways in a range between 1.3252 and 1.3385. As long as 1.3252 key support holds, the price action in the range is treated as consolidation of the uptrend from 1.3003, and another rise to test 1.3486 previous high resistance is still possible. On the downside, a breakdown below 1.3252 will indicate that the rise from 1.3003 has completed, then the following downward move could bring price back to 1.2800 zone.

eurusd

 

Share this article:
  • Mixx
  • Facebook
  • TwitThis
  • Digg
  • Propeller
  • Reddit
  • Technorati
  • del.icio.us
  • StumbleUpon
  • Print this article!
  • E-mail this story to a friend!

About the author

forexcycle Forex Cycle. See more Forex Analysis from forex cycle.

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply