By
Deltastock |
Signals | Oct 20, 2011 11:17AM GMT |
The pair is in a broad consolidation pattern below 1.4580 resistance area and current sell-off from 1.4550 is expected to be the final slide to complete that pattern. Technical indicators on the larger frames are neutral and trading is situated below the 50 and 200 daily SMAs, currently projected at 1.4301 and 1.4020.
The uptrend from 1.3653 has been reversed at 1.3869 and although the intraday bias is rather neutral, I continue to expect a break below 1.3653, towards 1.3515.
| Resistance |
| support |
|
| intraday | intraweek | intraday | intraweek |
| 1.3869 | 1.3950 | 1.3653 | 1.3515 |
| 1.3915 | 1.4270 | 1.3515 | 1.3145 |
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