eur /usd technical analysis 9 march2009
EUR / USD Unbolted 1. 2715 Sky-high 1. 2747 Low 1. 2545 Close 1. 2649
On Friday Euro / Dollar enlarged the upward habituation. The currency couple imaginary a bottom at 1. 2545 and closed the infinity at 1. 2649. On the 1 hour model able is a triangle formation, which was shattered upwards on Friday and this morning, which indicates possible for augmenting coercion. However, we still posses not pragmatic a shiny trend from last Monday. Least short phrase stake is around 1. 2465. Rift unbefitting this unbroken may engender supplementary weakening of the Euro towards 1. 2310. Extant resistance is represented by the 1. 2750 supine, followed by 1. 2840. The CCI indicator is consequence the buff realm on the 1 and 4 hour charts.
Technical resistance levels: 1. 2750 1. 2840 1. 2955
Technical hold levels: 1. 2465 1. 2310 1. 2190
Trading radius: 1. 2675 - 1. 2610
Trend: Downward
Sell at 1. 2664 SL 1. 2694 TP 1. 2624
On Friday we fictional + 8 pips profit on EUR / USD from the following signal:
6: 04 GMT Sell EUR / USD at 1. 2608 SL 1. 2634 TP 1. 2558 exited at 6: 08 GMT
Total on Friday + 93, because shown at www. zifx. com / performance. php
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