Good day traders.

Lets look at the EURUSD chart below.

Euro Dollar Technical Analysis

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.

To your Trading Success!

~ Ardy

Singapore Forex Traders’ Blog