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4xtrader414

Technical analysis

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EUR/USD is moving to the downside since morning, although we still see a bullish technical pattern being formed where the pair is building the right shoulder for this pattern. The neckline is the highlighted pivotal resistance level from this morning around 1.3425. RSI is negatively pressuring the pair and Stochastic is giving off bullish signs, and accordingly we hold onto our weekly expectations. It is vital that stability remains above 1.3156 for the expectations to remain valid.

The trading range for this week is among the key support at 1.3165 and the key resistance at 1.3715.

The short term trend is to the upside as far as the daily closing is above 1.2795 remains intact with targets at 1.5135.

Support 1.3260 1.3185 1.3125 1.3080 1.3035

Resistance 1.3325 1.3365 1.3425 1.3460 1.3500

 

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eur.thumb.gif.41fa89f552e0f4e46d204130143f156c.gif

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So far so good. After testing the waters above 13500 yesterday and today, I think a moderate retrace is in order before a test of 13715 - 13750.

 

Barring of course any disastrous announcements from the Eurozone.

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  dowjonestrader said:
are you ready to inter short in ymh(dowjones mini) i will put 20 contract sell these days

 

i56_dow1440.jpg

 

DJT,

 

I don't trade the Dow, but looking at your chart ( nice and clean BTW ), it certainly looks like a retrace is in order.

 

What Platform is that?

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  Mysticforex said:
DJT,

 

I don't trade the Dow, but looking at your chart ( nice and clean BTW ), it certainly looks like a retrace is in order.

 

What Platform is that?

 

hi my dear friend (esignal advanced get)

some of my next mounth analyse here with 99% winrate

 

regards

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  dowjonestrader said:
hi my dear friend (esignal advanced get)

some of my next mounth analyse here with 99% winrate

 

regards

 

 

Thank You very much, I have been thinking about upgrading to some professional charting software. I 'll take a look at E- Signal.

 

Chris

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