EURUSD Technical Analysis on the Daily Chart on 4th Oct 2010 10.09 am
Good day traders.
Lets look at the EURUSD chart below.
Euro Dollar Technical Analysis
Lets see what the euro dollar dailies chart have to say. The way I see it, I think that there is a probability that pair is due for a correction with resistance from the uptrend line. However, if price closes above 1.38, 1.40 will be the next target. At these levels, be very very careful guys, whatever trade you take. Use a stop loss.
Ardy is a Professional Forex Trader specializing in the Forex market. He trades using both Technical and Fundamental Analysis and mentors other traders how to trade the Forex market using proprietary trading strategies which he has developed over the years. He started investing in equities in 1999 and trading Forex in 2008. He is the founder and lead currency strategist @ Forexachievers.com