- 
- 
- 
Welcome,
Guest!
Technical
Forex Brokers
Trading Tools |
EUR/USD Technical Analysis 9 February 2010
3
votes
EUR/USD 1.3718 - 9 February 2010EUR/USD Open 1.3652 High 1.3719 Low 1.3624 Close 1.3647 Euro/Dollar traded hesitantly on Monday within the 1.3624 - 1.3719 range, because of economic events absence, closing the day at 1.3647. The currency couple is still on the slippery bearish track for now, as seen on the 1 hour chart because of the economic crises in Greece, Portugal and other countries. The nearest support is Monday's bottom at 1.3624, and if broken down, the bearish impulse is expected to get extended towards next objective downwards 1.3531. Any upward correction should not come unexpected after such drastic descends, but only convincing break above the upper limit of the downward channel, currently around 1.4016 may seriously threaten the integrity of the downward channel and possibly lead to recovery of the European currency. Quotes are moving above the 20 and 50 EMA on the 1 hour chart, because of the last bullish corrective impulse. The values of RSI indicator is positive leaning downwards, while MACD and CCI are neutral and leaning upwards on the 1 hour chart, giving overall mixed signals.Technical resistance levels: 1.3719 1.3822 1.3919 Technical support levels: 1.3624 1.3531 1.3440 Trading range: 1.3730 - 1.3665 Yesterday we made +50 pips profit on EUR/USD from the following signal:Trend: Downward Sell at 1.3718 SL 1.3748 TP 1.3678 6:58 GMT Buy EUR/USD at 1.3625 SL 1.3599 TP 1.3675 TP hit 7:47 GMT Total yesterday +193, as shown in details at our web site.  Next Analysis:
Content Provided by:
iForex.bg
iFOREX.bg provides online forecasts and real time trading signals for the four major trading currency pairs: EUR/USD, USD/JPY, GBP/USD and USD/CHF with entry and exit positions directly to our customers. With our team of professional analyzers, marketing strategists, dealers and traders, we build ...
Disclaimer:
iFOREX Ltd. is in the business of teaching analysis of forex trends, and proposing potential trading signals - not recommendations. All statements and expressions are the opinion of the forex experts at iFOREX Ltd. and are not meant to be either investment advice or a solicitation or recommendation to establish market positions. Our opinions are subject to change without notice. We strongly advise clients to conduct thorough research relevant to decisions and verify facts from various independent sources. The staff at iFOREX Ltd. is not to be held responsible for individual market positions, all trades that clients may take are based on their own final decisions. We do not accept any liability for any loss or damage whatsoever, that may directly or indirectly result from any advice, opinion, information, representation or omission, whether negligent or otherwise, contained in the trading signals or in any accompanying chart analyses, whether communicated by word or message, typed or spoken by any of iFOREX Ltd. employees.  Related Products  Price: $ 49.95 Overview Adaptation is the name of the game in long term trading success. Join Fernando Gonzalez ...
 Price: $ 49.95 Overview This course is more than simple rules, this class explores and shows you how to ...
|
|
|||||||||
How many analyses do you read on daily basis? |
|||||||||
 |
|||||||||
Sam Seiden During this session, we will apply what we learned during session one to the world of swing and longer term trading in ...
Nour Eldeen M. Al-Hammouri In this webinar Nour Eldeen M. Al-Hammouri will discuss the Inter-Market Analysis and markets relationships. He will ...
Karen Kizer In this session Karen Kizer will discuss the forex market for beginners. No one was born a forex trader. However, you ...
|
|||||||||
|
