Thursday, April 18, 2013

EURUSD Could Extend To 1.2900/1.2950 After Broken Support Line From 1.2745



EURUSD reversed sharply lower yesterday from 1.3200, clearly in impulsive fashion beneath rising trend-line from 1.2745 and as well as wave B) swing low. This is a very clear bearish price action that should send prices even lower in minimum three waves, possibly to 1.2900/1.2950 in the next few trading days. Meanwhile pair must not get back above 1.3200 critical level but could see a pull-back to 1.3110 where broken trend-line may become a resistance.


USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...