Thursday, December 23, 2010

EURUSD at top of channel now


The EURUSD is now nearing upper down channel. Price rebound yesterday night after a double bottom. Support at 1.3081 and 1.2970. Major resistance is at 1.318.


The EURUSD is developing doji and spinning top at the bottom for the market in a daily chart. Need confirmation on where the PA will go. 



By The Backyard Burner

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Fear of failure

Fear of failure