Thursday, January 20, 2011

EURUSD now at the lower trendline.


EURUSD is now at the lower channel of the trendline. The EURUSD is also around the support area. Breakout to the upside will test the high while downside will probably go to the next support at 1.3355. The resistance is at 1.35 and support is at 1.3255.


The daily candle show a bullish candle. The upside resistance is at 1.36 while support is at 1.325. 



By The Backyard Burner

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Fear of failure

Fear of failure