This pair pulled back and continued rising yesterday as anticipated. It has now reached a substantial support and resistance level at around 1.3680 which is just short of the old major trend-line from the June lows which lies at 1.3720. It has begun correcting quite steeply from there and there is a rare and bearish Demark buy setup signalled today.
Showing posts with label eur/usd analysis january 2011. Show all posts
Showing posts with label eur/usd analysis january 2011. Show all posts
Tuesday, January 25, 2011
EUR/USD | Technical Analysis | 25 January 2011
EUR/USD | Technical Analysis | 25 January 2011
It is probable the correction has further to go and will reach the trend-line for the whole move up from January 10th at 1.3580, before perhaps reaching 1.3535 and then 1.3450. After that however the bullish trend should resume.
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