Daily Forex Analysis
Jun 01 09:05 GMT,
by
USD/JPY On the daily chart we can see
a bullish channel which began two months ago and there is still room to
maintain this progress. The 2 H implies an upcoming reversal trend if
the high Bollinger b...
LEARNING FOREX |
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Technical Analysis Daily: EUR/USDEUR/USD 1.3455EUR/USD Open 1.3455 High 1.3473 Low 1.3422 Close 1.3451. Trading yesterday was quiet and the Euro was trading in the range 1.3426 - 1.3474 US Dollars. This morning the currency pair was exchanging at levels 1.3444 - 1.3455. First support is the 2 month bottom 1.3406. Its eventual break will meet the strong support at 1.3388, followed by the support 1.3342, a bottom from 9 April 2007. In upwards direction first resistance is 1.3533, which is 62.2% correction of the drop 1.3606 - 1.3405. Next is the questionable top 1.3606, and the historical record 1.3678. Technical support levels: 1.3406 1.3342 1.3249 EUR/USD Trading range: 1.3465 - 1.3395, Trend: Downward, Sell at 1.3455 SL 1.3485 TP 1.3405.
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Latest Technical Analysis ReportsDaily Technical Analysis Jun 01 09:00 GMT, by Euro marked another day inside the tight range we already mentioned and although in intraday trading the pair got as high as 1.3474 it closed the day bellow the 1.3459 resistance and now is trading ev...
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