Thursday, December 30, 2010

EURUSD testing H4 down trendline


The EURUSD now testing the H4 trendline and testing the intermediate double top resistance line. Short term resistance is at 1.333 and support at 1.318 and 1.308. 


The daily candle show a big bullish engulfing candle that may indicate bullish sentiment. The upside target is 1.343 and downside target is 1.297. 



By The Backyard Burner

No comments:

Post a Comment

Fear of failure

Fear of failure