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EUR/USD Support - Resistance

Gyverd

By Gyverd
in Technical Analysis

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digital Newbie

digital

Posted
Posted

Re: EUR/USD Support - Resistance

 

Hello,

 

A basic question from newbie. How do we know with great probability that a of support or resistance will hold or not in the case of the EURUSD pair. Any heads up will be appreciated.

 

Digital

captaindancow Newbie

captaindancow

Posted
Posted

Re: EUR/USD Support - Resistance

 

ini paling simpel dan paling gampang dimengerti .... terima kasih banyak bapak Gyverd :-bd

 

this one is the most simplest and understandable ... thank you very much mister Gyverd :-bd

 

hwalah ^:)^ :)>-

verbtheory Newbie

verbtheory

Posted
Posted

Re: EUR/USD Support - Resistance

 

Here's my feeling on this subject.

 

EURUSD Weekly Chart:

http://i29.tinypic.com/2q1xvyt.jpg

 

If we see this week close above the 1.4150 resistance area then there is room to go up to the next resistance on the weekly to 1.4650. Dropping down to the daily chart you can see that a higher high was created indicating another attempt at breaking resistance.

 

Bottom line for me is there is a good chance of that we will continue the trend upward however if a pinbar forms then we are headed down.

 

Hope that helps :)

abailey Newbie

abailey

Posted
Posted

Re: EUR/USD Support - Resistance

 

I agree with some that the eur/usd will test the highs above 1.4300 and then travel towards 1.4600. Downside is limited until 1.3850 is broken and primarily 1.3785. Good luck to all.

RFX Newbie

RFX

Posted
Posted

Re: EUR/USD Support - Resistance

 

With referance to my earlier post and chart.

Further action of EU breake upside or Fall back is depend on Where DOW (US stock market) goes

Currently DOW is also at reistance. if it breake upside then JPY pair and EU is likely to breke upside

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