Wednesday, January 12, 2011

EURUSD is still retracing up


EURUSD had rebound in price and just cross the 21MA on h4 tf chart. The pair may either be forming a abc retracement or bullish reversal. The next resistance level is at 1.3090 and support is at 1.2905.


The EURUSD in a daily chart show a spinning top appear after a piercing pattern.  



By The Backyard Burner

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Fear of failure

Fear of failure