Monday, January 10, 2011

EURUSD resume downtrend


EURUSD resume downtrend after long correction with the break of the major support of 1.296. The next support level is at 1.381 and 1.262 and the resistance is at 1.296 and 1.305.

 The EURUSD daily candlestick show a very bearish sentiment with a "three black crow" formation. If the EURUSD continue downtrend, the next target at the downside is 1.265.



By The Backyard Burner

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Fear of failure

Fear of failure