Monday, January 17, 2011

EURUSD fail to break above the high


EURUSD fail to break above the high and form a shooting star in the H4 tf chart. The price is now trapped in the range of 1.3402 and 1.3313. The pair performed a significant rally that retrace all of the bearish price in the same amount of time. The resistance is at 1.3432 and the support is at 1.325.



EURUSD  had a spinning top in the daily candle. The market is now in ranging and undecided. The resistance is at 1.35 and support is at 1.32.




By The Backyard Burner

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Fear of failure

Fear of failure