Friday, February 11, 2011

EURUSD set for downtrend


EURUSD is in c wave correction. The pair may be forming a H&S pattern if break the trendline. The pair is now testing the resistance area at 1.3620. The support is at 1.3490. 


EURUSD show a bearish reversal candle in bearish engulfing. The price may continue to decline to the possible target area. 



By The Backyard Burner

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Fear of failure

Fear of failure