Friday, January 14, 2011

EURUSD rally near to the top


The EURUSD had a rally nearly up to the top. The EURUSD may test the double top before reversing down. The resistance is at 1.3433 and 1.35. The support at 1.325 and 1.3135.


The EURUSD in a daily chart had a big bullish candle. However, while the market is nearing the double top, confirmation is needed before entering a position for long term. 



By The Backyard Burner

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Fear of failure

Fear of failure