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EUR/USD Support - Resistance


Gyverd

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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 :)

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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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