Tuesday, December 21, 2010

EURUSD rebound from support


The EURUSD had rebound from trendline support and now testing the 1.318 resistance level. As said yesterday, the pair had to break the resistance level 1.318 before it had the chance to go higher. With low liquidity this week due to Christmas and New Year, price are expected to have high volatility or dull movement.


Support at 1.3093 and 1.2970, resistance at 1.318 and 1.3355. 


By The Backyard Burner

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Fear of failure

Fear of failure