EURUSD – Technical Analysis Weekly Time Frame 20th May 2014

Hi Traders! The chart above shows us the EURUSD on the weekly Time frame. Two weeks ago, we saw the pair close with a bearish engulfing candle. This has given more momentum to the bears the following and the pair closed in red. This week, we have seen very little movements in the euro dollar

By |2017-01-01T13:01:14+08:00May 20th, 2014|Categories: Daily Technical Strategy|Tags: , |1 Comment

EUR/USD Smack on the Bottom of the Channel. A good signal to buy? 28th Feb 2013

Good day traders! The pair is sitting at the bottom of the trend line on the daily time frame. Risk reward ratio is quite good buying at this level. Is there going to be a euro dollar reversal from current retracement and a continuation of the bullish trend? We will continue to wait for further