Friday, January 21, 2011

EURUSD is in triple top


EURUSD is now testing the triple top. Either it will go down or break. The market just rebound from the 21MA of the 4hr tf. If break to the upside, the target is 1.3580~1.36 area. The support is around 1.34 area. 


EURUSD in daily show a doji candle meaning undecided direction. Beside the doji also performed a tweezer top. The support is at 1.325 and resistance 1.36.



By The Backyard Burner

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Fear of failure

Fear of failure