Thursday, January 27, 2011

EURUSD is in sideway market


The EURUSD is in sideway market and hovering slightly above the support level. The range play is between 1.364 and 1.372. The support level is at 1.35 and the resistance level is at 1.3768.


EURUSD daily candle show a spinning top. The market stall around the area either awaiting breakout at the upside or to the downside. 



By The Backyard Burner

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Fear of failure

Fear of failure