Wednesday, January 5, 2011

EURUSD drop to intermediate support area


EURUSD had a big drop yesterday and break through the trendline. The pair is now nearing a support area. The support for this pair is at 1.325 and 1.318. The resistance is at 1.343 and 1.36.

  

The EURUSD inside bar is broken at the downside. There is also a bearish engulfing on the daily chart.



By The Backyard Burner

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Fear of failure

Fear of failure