Tuesday, March 8, 2011

EURUSD broke out of the trendline and now retesting it


The EURUSD is now retesting the trendline after broke out from it. The intermediate support level around 1.3938 need to hold for further upside. The resistance level is around 1.3988. 


The EURUSD is show a bearish spinning top indicating slightly bearish sentiment. 



By The Backyard Burner

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Fear of failure

Fear of failure